Category: Exploration
NCS: Slowdown in drilling activity
«The number of explortion and appraisal [E&A] wells will most likely drop below 30 this year, and the low oil price is of course the reason,» says [...]
UKCS: Moray Firth Basin – Still Delivering
The major operators in the UK Moray Firth Basin are cooperating for the continued development of the basin. [...]
Neptune makes a small oil discovery onshore Germany
Neptune Energy recently announced a small oil discovery with the Schwegenheim wildcat in the Rhine Valley in Germany.
According to Neptune, the dri [...]
Rystad Energy expects a 17 % CAPEX decline in 2020
This will be the lowest CAPEX of the last 13 years. In their scenario, Rystad Energy expects 34 USD per boe in 2020 and 44 USD per boe in 2021.
In [...]
Norway kicks off APA 2020 – 36 new blocks for public consultation
The Ministry of Petroleum and Energy has kickstarted Norway's annual licensing round - Awards in Predefined Areas (APA), in a press release.
Th [...]
The rise of Multi-Client data & new business models
During the past months, important priorities have been made based on geological challenges, technical capabilities, targeted solutions, operational ca [...]
NCS: What will the seismic season of 2020 bring?
The approved surveys include seabed (OBS/OBN) and EM acquisitions, but mainly site surveys to be undertaken by Equinor. The surveys pending approval [...]
OGA expects 32nd Offshore Licensing Round awards in summer 2020
The Oil and gas authorities of the UK (OGA) announced that they expect awards in the 32nd Offshore Licensing Round will be announced in summer 2020. E [...]
Bold test on a shady (?) prospect
Neptune has just spudded 6507/8-10 S on the Grind prospect east of the Heidrun field in the Norwegian Sea.
The prospect has been matured over a lon [...]
Aker BP slashes Barents Sea exploration in 2020
Aker BP announced that in response to the high uncertainty caused by the COVID-19 crisis, the company has decided to cut its investment program and fi [...]