Plans for development were submitted to the Norwegian Ministry of Petroleum and Energy in December 2022 for the following projects: Yggdrasil, including the Hugin, Munin and Fulla plays; Valhall PWP-Fenris; Skarv Satellites, including the Alve Nord, Idun Nord and Orn plays; and Utsira High, including the Symra and Troldhaugen plays.
These projects are estimated to hold recoverable reserves of 730 million boe.
Aker BP has invested around USD 19 million to develop the fields.
The Troldhaugen project met with a reduction in expected volume at an extended well and was removed from the company’s development schedule.
Previously the play was estimated to hold around 30 million boe.
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
This website uses cookies.