The drilling will test the Kvalross and the Kvaltann prospects. “Kvalross is on trend with and just to the south of [Austrian operator] OMV’s significant Wisting and Hanssen discoveries,“ Graham Stewart, the chief executive of consortium partner Faroe Petroleum, said. The Transocean Arctic drilling rig was contracted for the well.
Wintershall Norge operates the well with an ownership interest of 40 percent, along with Norway’s independent Faroe Petroleum Norge and dependent Petero. The company received the drilling permit from the Norwegian Petroleum Directorate in December 2015. The licence was awarded in the Norwegian 21st Licensing Round in 2011.
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.