Aker BP and DNO have entered into agreement to accelerate development of the Kjøttkake discovery in the Northern Norwegian Sea.
Aker BP and DNO have entered into agreement to accelerate development of the Kjøttkake discovery in the Northern Norwegian Sea. The agreement includes an exchange of ownership interests across several licences and the transfer of operatorship for Kjøttkake to Aker BP in the development phase. As part of the agreement, Aker BP will divest its interest in the Verdande field to DNO. In return, Aker BP will increase its stake in the producing Vilje field, expand its position in the Kveikje discovery, and acquire additional interests in several exploration licences.
Staatsolie has signed production sharing contracts for offshore Blocks 9 and 10 offshore Suriname. For Block 9, Petronas (30%) will serve as the operator, alongside partners Chevron (20%), QatarEnergy (20%), and Paradise Oil Company (POC) (30%). For Block 10 Chevron (30%) will serve as operator alongside partners Petronas (30%), QatarEnergy (30%), and POC (10%). The initial exploration period will last three years, during which the focus will be on acquiring and processing 3D seismic data to map the subsurface structure.
OMV has discovered oil in Block 106/4 in the Sirte Basin, Libya. Production tests show that the exploratory well, reaching a depth of 10,476 feet, is producing more than 4200 barrels of oil per day, with gas production expected to exceed 2.6 million cubic feet daily.
BP and Rhino Resources volans-1X exploration well in Namibia’s Orange Basin Petroleum Exploration Licence 85 (PEL85) has reached a total depth of 4,497.5m TVDSS (true vertical depth subsea) and penetrated the Upper Cretaceous target. The well encountered 26 m of net pay in rich gas condensate-bearing reservoirs, with the reservoir showing excellent petrophysical properties and no observed water contact. Initial laboratory analysis of two samples indicated a high condensate-to-gas ratio (CGR) of >140 bbl/mmscf with liquid density of approximately 40° API gravity.
Aker BP and its partners have drilled a dry well in the Yggdrasil area in the North Sea. Well 30/11-16 S was drilled in production licence 873, just over 1 m east of Fulla and 155 km west of Bergen. The objective of the well was to prove petroleum in the ‘Natrudstilen’ prospect in the Tarbert Formation in the Middle Jurassic. The well encountered the Tarbert Formation with a thickness of about 350 m, 197 m of which were sandstone with moderate to poor reservoir quality. The well is classified as dry with hydrocarbon shows. Hydrocarbon shows were observed in the Hardråde Formation and Tryggvason Formation in the Upper Cretaceous. Well 30/11-16 S was drilled to a vertical depth of 4327 m below sea level and was terminated in the Tarbert Formation in the Middle Jurassic. Water depth is 112 m.
The Norwegian Offshore Directorate has granted Equinor a drilling permit for well 7220/7-5 in production licence 532 in the Barents Sea. Partners are: Equinor (46%) Var Energi (30%); Petoro (24%).
