Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Ukrainian UK

No luck in latest North Sea oil and gas search

Latest news

    April 17 (UPI) — A drilling facility in the Norwegian waters of the North Sea is moving on to frontier territory after coming up empty handed, a partner in the effort said.

    Regional explorer Aker BP, the operator of the license, was drilling a wildcat well, one not previously known to hold reserves. The exploration well was about 4 miles southwest of the producing Knarr field and 12 miles north of the Visund field.

    The Norwegian Petroleum Directorate data show the company came up empty handed.

    “The well has been classified as dry, with traces of petroleum,” it stated Tuesday.

    Aker BP has the controlling interest in the effort. Cairn Energy is a minority partner and said the drilling facility, the Transocean Arctic, is moving closer to another field.

    “Well 34/2-5 S was drilled by the Transocean Arctic drilling facility, which will now drill a wildcat well on the west flank of the Valhall field, where Aker BP ASA is the operator,” Cairn stated.

    There was no comment from Aker BP on the effort.

    Aker BP in December submitted formal development plans to Norwegian regulators for the Ærfugl, formerly called Snadd, Skogul and Valhall fields in national waters. The fields combine for 345 million barrels of oil equivalent and investments of approximately $1.8 billion.

    View the original article: https://www.upi.com/Energy-News/2018/04/17/No-luck-in-latest-North-Sea-oil-and-gas-search/3051523962009/

    The company said the Valhall field is a “giant oil field” in the southern Norwegian waters of the North Sea. Six production wells are planned for a field with 60 million barrels of oil equivalent and a startup date in fourth quarter 2019. The total investment is estimated at $664 million.

    https://www.upi.com/Energy-News/2018/04/17/No-luck-in-latest-North-Sea-oil-and-gas-search/3051523962009/ to see original story and photos

    In the same category are

    FAA orders inspections for Boeing 737 engines after Southwest flight April 19 (UPI) -- The U.S. Federal Aviation Administration on Wednesday ordered enhanced inspections of certain Boeing 737 engines, in response to on...
    Saxo Bank: Geopolitical risk in the driver’s seat for oil prices April 18 (UPI) -- While trade tensions between the United States and China could throttle momentum, geopolitical risk is supporting crude oil prices,...
    WWE Smackdown: Bryan, Styles team up, Big Cass returns April 18 (UPI) -- The Superstar shake-up continued Tuesday on Smackdown Live as WWE Champion AJ Styles and Daniel Bryan teamed up to take on Rusev an...
    No luck in latest North Sea oil and gas search April 17 (UPI) -- A drilling facility in the Norwegian waters of the North Sea is moving on to frontier territory after coming up empty handed, a par...
    Eminem closes first Coachella weekend with Dr. Dre, 50 Cent April 16 (UPI) -- Eminem closed out the first weekend of the 2018 Coachella Valley Music and Arts Festival by performing with two of his longtime col...
    North Korean media spotlighting Kim Jong Un’s wife Ri Sol-ju SEOUL, April 15 (UPI) -- North Korean media appears to be attempting to raise the profile of Ri Sol-ju, the wife of regime leader Kim Jong Un. The st...

    Leave a comment

    Your email address will not be published. Required fields are marked *