Lundin Petroleum awarded 12 licences in Norwegian licensing round
The award includes 7 licences in the North Sea, 2 licences in the Norwegian Sea and 3 licences in the Southern Barents Sea.
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The award includes 7 licences in the North Sea, 2 licences in the Norwegian Sea and 3 licences in the Southern Barents Sea.
Following drilling of the Nangwarry-1 well, a gross gas column of at least 65 m has now been confirmed in the top of the Pretty Hill Sandstone.
Maersk Voyager will be employed offshore Angola and Namibia for a campaign which includes the deepest water depth ever drilled offshore.
8 of the production licences are in the North Sea, 8 in the Norwegian Sea and 7 in the Barents Sea.
The newly acquired seismic programmes provide modern high-resolution imaging which encompass 1606 km2 with an additional 632 km2 to be acquired in 2020.
The contract is expected to commence in August 2020 and run through April 2022 with an option to extend.
The company was drilling northwest of the Balder field in the central part of the North Sea when it made the discovery of several oil and gas-bearing intervals.
The world’s oil and gas explorers powered ahead and discovered 12.2 billion boe in 2019.
From 1 May, foreign firms registered in China with net assets of 300 million yuan (US$43 million) will be allowed to take part in oil and gas exploration and production.
Mexico's President Andres Manuel Lopez Obrador made the announcement at a press conference this week.
The survey commences at the end of 1Q20 and is expected to be completed in 2Q20.
The FPSO will allow for the integration of potential future development phases, including gas export to shore and future subsea tie-backs.