Investment costs on the massive Johan Sverdrup development have been further reduced to US$11.64 billion, from $14.76 billion, when the plan for development and operation was submitted. Break-even costs on the project have also fallen to below $20/bbl for Phase 1…
Germany’s Wintershall will use AGR’s well data management and analysis software tool iQˣ for its Maria field on the Norwegian Continental Shelf (NCS). iQˣ is designed to optimize well performance and drilling management by providing a data and knowledge management platform…
Aker BP has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf. The five-year contract, which includes options for extension…
Aker BP is considering development options for its Langfjellet discovery in the Norwegian North Sea after completing three appraisal wells on the field, according to the Norwegian Petroleum Directorate (NPD). The discovery, initially estimated at 24-74 MMboe…
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for wellbore 7120/1-5, to be drilled from the Leiv Eiriksson drilling facility. The drilling program for wellbore 7120/1-5 relates to the drilling of an appraisal well in production license 492…
Aker BP extended the charter of the Safe Zephyrus semisubmersible accommodation vessel at the Ivar Aasen project in the Norwegian sector of the North Sea. The 10-day option extends on site operations through January 2017 and has a total value of about US$1…
Norway’s Petroleum Safety Authority (PSA) has carried out an audit of AkerBP's arrangements for the administration and management of emergency preparedness and materials handling at Ivar Aasen in the North Sea. Ivar Aasen…
Offers for 56 new production licenses on the Norwegian continental shelf are being made to 29 companies, 17 of which are operators. The offers are being made after 33 companies applied in the Norwegian Petroleum Directorate's (NPD) the Awards in Predefined Areas (APA) 2016…
Norway's latest licensing round has seen the fewest companies awarded licenses in the Norwegian Awards in Predefined (APA) areas in a decade. But, the number of licenses offered remains high - the most since 2013, in fact, creating an opportunity…
Aker BP has started production from the Viper-Kobra development, a subsea tieback to the Alvheim floating production, storage and offloading (FPSO) vessel in the Norwegian North Sea. Viper-Kobra consists of two separate discoveries, containing 9 MMboe jointly…
Maersk Drilling has taken delivery of its fourth XLE jackup rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. Maersk Invincible will now mobilize to the North Sea and will commence a 5-year…
AGR Software and Norway-based Netscenario have joined forces to bring digital and automation expertise to companies across the oil and gas industry. Image from AGR. The partnership…
Centrica has awarded a string of contracts to FMC Technologies, Subsea 7 and Aker BP / Maersk Drilling, for its Oda field development in the Norwegian sector of the North Sea. The Oda oil field (previously called Butch) was discovered in 2011…
Aker BP (formerly Det norske and BP Norway) has awarded Altus Intervention an up to nine-year frame agreement contract for well intervention services. Services, starting mid-December, included consist of casedhole wireline, slickline…
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 16/2-22 S, cf. Section 8 of the Resource Management Regulations. Well 16/2-22 S will be drilled from the Deepsea Atlantic drilling facility in position 58°55’33…
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