Noreco's risked exploration resources up 50%

Noreco`s five awards in the 20th licensing round in Norway will increase the company's risked exploration resources by more than 200 MMboe, an approximate 50% increase.

May 13th, 2009

Offshore staff

STAVANGER -- Noreco`s five awards in the 20th licensing round in Norway will increase the company's risked exploration resources by more than 200 MMboe, an approximate 50% increase. Noreco's risked resources prior to the awards were in excess of 450 MMboe, the company reports.

05/13/2009

More in Production
Websiteimage Sunset
Aramco commits to zero flaring
Saudi Aramco is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’.
Nov 8th, 2019
Wos117
Future west of Shetland projects face gas capacity challenge
European majors remain committed to E&P west of Shetland despite the recent withdrawals by Chevron and ConocoPhillips, according to GlobalData.
Nov 7th, 2019
Websiteimage Sunset
Petrobras acquires Búzios, Itapu in Transfer of Rights round
Brazil’s largest-ever auction of oil licenses – the Transfer of Rights round – saw state-controlled Petrobras take the biggest prizes, the Búzios and Itapu blocks.
Nov 6th, 2019
The Azeri-Chirag-Gunashli oil field development produces through six platforms offshore Azerbaijan.
Chevron selling Azerbaijan interests to MOL
MOL has agreed to acquire Chevron Global Ventures’ and Chevron BTC Pipeline’s E&P and midstream interests in Azerbaijan for $1.57 billion.
Nov 5th, 2019
Websiteimage Sunset
UK records rise in offshore hydrocarbon releases
Oil and Gas UK has called on all parties in the UK’s offshore sector to remain proactive on safety.
Nov 4th, 2019
The jackup Rowan Viking will undertake the infill program and P&A of the four Brynhild field wells for Lundin.
Lundin contracts Rowan Viking for North Sea Grieg, Brynhild wells
Reservoir performance from the Edvard Grieg field in the Norwegian North Sea continues to exceed expectations, according to operator Lundin Norway.
Nov 4th, 2019
Websiteimage Sunset
Trio form Norwegian intervention, stimulation alliance
Aker BP, Schlumberger, and StimWell Services have established a well intervention and stimulation alliance that aims to accelerate and boost oil production.
Nov 1st, 2019
The Alma and Galia fields are tied back to the FPSO EnQuest Producer in the UK central North Sea.
EnQuest lets North Sea brownfield contract
Global Engineering & Construction has secured a contract award and frame agreement from EnQuest.
Oct 31st, 2019
Power from shore to the Utsira High and the Sleipner field center. The purple cable shows power from shore to Johan Sverdrup Phase 1, established in 2018. The yellow power cable shows power from shore to Johan Sverdrup Phase 2 and the Utsira High area solution, from 2022. The orange cable shows power from shore to the Sleipner field center and connected fields from late 2022. Black cable shows existing power cables at Sleipner field center and to the Gudrun installation. Not shown in the illustration are subsea tiebacks that will also benefit from the power from shore solution.
More Utsira High area fields to receive power from shore
The Utsira High area power grid, which is expected to become operational in 2022, will provide power from shore to the Johan Sverdrup, Edvard Grieg, Ivar Aasen, Gina Krog, and Sleipner fields.
Oct 28th, 2019
FiberLine Intervention technology being deployed offshore.
FiberLine Intervention tool improves well analyses offshore Malaysia
Well-SENSE has completed its first offshore projects involving application of the FiberLine Intervention technology.
Oct 28th, 2019
Fpso1025
Analyst predicts start-up for 67 floaters by 2025
South America leads the world for planned and already new FPSOs between 2019 and 2025, according to GlobalData’s Q4 2019 Global FPSO Industry Outlook.
Oct 25th, 2019
Johan Sverdrup began production on Oct. 5, 2019.
Production ramping up at North Sea Sverdrup field
Five wells are currently onstream at the Johan Sverdrup field in the North Sea, which started production on Oct. 5.
Oct 24th, 2019
Rhum is tied back to the Bruce field platform complex in the UK central North Sea.
OFAC extends sanction waiver for North Sea Rhum field
Serica Energy plc has received a renewed license and secondary sanctions assurance on its Rhum gas-condensate field in the UK central North Sea from the US Office of Foreign Assets Control.
Oct 24th, 2019
Low carbon and renewable energy solutions.
Aker Solutions shifting focus to alternative energy, storage
Aker Solutions is looking for renewable and low carbon solutions to provide around half its revenue by 2030.
Oct 23rd, 2019