Gas firm Cornerstone Resources, backed by the former CEOs of IOG and Ithaca Energy, is targeting a “massive opportunity” in the southern North Sea as it solidifies its position in the region.
As of 30 May, Westwood Global Energy reports that there are five exploration wells active, two in the North Sea, two in the Norwegian Sea, and one in the Barents Sea.
As of 30 May, Westwood Global Energy reports that there is one exploration well and one appraisal well active, in the CNS and NNS respectively. One appraisal well in the CNS was P&A as a gas well since the last report.
A video has been released showing work taking shape on the Tailwind Energy-operated Evelyn development and the Gannet E expansion project in the North Sea.
The North Sea and West of Shetland has 48 known discoveries with 2.3 billion barrels of oil equivalent, and new research has shed light on the challenges in getting them developed.
By Stephen Coomber, Senior Analyst, Westwood Global Energy Group
As of 26 April, Westwood Global Energy reports that there is one exploration well and one appraisal well active, in the CNS and NNS respectively. One appraisal well is in the process of being suspended since the last report.
North Sea operator i3 Energy (LON: I3E) has said an appraisal on its “company-making” Serenity field will now take place in the second half of the year.
The UK Government has announced plans for regulatory “accelerators" which it claimed could shave "years off” development time for new oil and gas projects in the North Sea.
Harbour Energy has outlined a clutch of projects expected to get underway in the North Sea this year, including new wells at the J-Area and Catcher field.