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

    Teen dangles upside-down for Spider-Man promposal May 25 (UPI) -- An Oregon high schooler donned a Spider-Man costume and dangled upside-down to pull of an elaborate Marvel-themed promposal. Adam Haz...
    Cards’ O’Neill nails Royals’ Goins at plate with six-bouncer May 24 (UPI) -- St. Louis Cardinals outfielder Tyler O'Neill managed to throw out a runner at the plate on a six-bounce toss during a loss to the Kan...
    Bear breaks into Connecticut car, fails to eat banana May 23 (UPI) -- Police in Connecticut responding to a call about a suspected car burglar found something more unusual -- a bear trapped inside the ve...
    Kim Zolciak enjoys 40th birthday getaway with husband May 22 (UPI) -- Kim Zolciak spent her 40th birthday on a romantic getaway with her husband. The television personality shared new photos Monday from ...
    North Korea denounces defectors, ignores calls from South May 21 (UPI) -- North Korea is keeping up a campaign of pressure against the South, a policy that is culminating in unresponsiveness at Panmunjom and...
    Hirokazu Kore-eda’s ‘Shoplifters’ wins the Palme d’Or at Cannes May 20 (UPI) -- Hirokazu Kore-eda's Shoplifters won the top honor -- the Palme d'Or -- at the Cannes Film Festival in France this weekend. Jean-Luc G...

    Leave a comment

    Your email address will not be published.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