New light oil discovery in the Barents Sea
Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea.
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Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea.
The preliminary gross resources from well 16/5-8s, approximately 14 km south of the Edvard Grieg field in the Norwegian North Sea, are estimated to be between 1 and 10 million boe.
Presentations will take place in Luanda, Angola, Houston, US, London, UK, and Dubai, United Arab Emirates, during September.
Completion of the acquisition and the merger plan has been registered with the Norwegian Register of Business Enterprises.
The well encountered 55 m of net oil pay which supports a recoverable oil resource estimate which exceeds Tullow’s pre-drill forecast.
Linn Katrine Høie has been appointed as managing director of the company.
The closing of the transaction follows approval of the transaction by Anadarko’s shareholders at a Special Meeting held earlier this week.
The Barryroe oil accumulation lies in approximately 100 m water depth in the North Celtic Sea Basin and is located approximately 50 km off the south coast of Ireland.
The 100%-owned licence includes the company’s flagship Inishkea prospect.
Peterson will provide Repsol with integrated supply base operations management, logistics and pipe yard operations.
MOL's upstream EBITDA was 10% lower in 1H19 at US$553 million, while average daily hydrocarbon production was 111.8 boe/d higher by 2% y/yr.
The awarded licences were granted for Block D, located 45 km off the Israeli coast.