Middle of the year, middle of the road
Five wells are currently active on the UKCS, a drop of two since last month. Of these, two are exploratory; three are appraisal.
Five wells are currently active on the UKCS, a drop of two since last month. Of these, two are exploratory; three are appraisal.
Nine wells are currently active on the UKCS, representing an increase of one since last month. The tally comprises three West of Shetland, five Central North Sea and one Southern North Sea probes under way.
Nine wells are currently active on the NCS, six exploration and three appraisal. Five are North Sea, while the Norwegian and Barents Sea account for two each.
With the 2014 Budget failing to deliver any tax incentives for E&A activity, UK drilling levels will likely remain poor.
A total of 15 E&A wells were active at the end of October . . . eight exploration and seven appraisals . . . bringing the total number of spuds this year to 37, that is, 19 exploration and 18 appraisal.
In the UK, seven appraisal wells and three exploration wells are currently active, including four new appraisal spuds, two of which are sidetracks. This brings the total spuds for this year to 25 E&A starts; comprising 13 appraisal and, with no change since the last report, 12 exploration wells.