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Wintershall Dea

Norway

Norway records seven commercial discoveries in year to date

Westwood Global Energy reports that there were two exploration and one appraisal wells active as of July 28. Key wells in July include frontier play tests at Stovegolvet and Stangnestind, both of which completed. A total of 17 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 41% commercial success rate to date.

Markets

Neptune Energy working with Rothschild as it studies IPO

Neptune Energy, the oil and gas explorer backed by Carlyle Group and CVC Capital Partners, is working with financial adviser Rothschild & Co. to explore potential options including an IPO, according to people familiar with the matter.

Norway

One in three success rate for Norwegian explorers so far in 2021

Westwood Global Energy reports that there were five exploration well programmes active on the Norwegian Continental Shelf as of February 24. A total of three exploration wells have completed to date in 2021, from which one commercial discovery was made with total resources of c. 57 mmboe, giving a 33% commercial success rate.

Events

Digitalisation event to focus on people over technology

Business intelligence company, Offshore Network, are next month hosting the Upstream Digital Transformation Conference, a digitalisation event, but not one that’s looking at technology. Instead the event focuses on the ‘people’ aspects of digital transformation, with sessions including discussions on culture change, skills and collaboration.