Still the wells to watch? A half-year look at North Sea exploration
Skerryvore is slated for 2024, the Devil’s Hole is on the way, the Bens disappoint, but there’s been some high-impact success too.
Skerryvore is slated for 2024, the Devil’s Hole is on the way, the Bens disappoint, but there’s been some high-impact success too.
As of 21 April, Westwood Global Energy reports that there are three exploration wells and two appraisal wells active in the UK North Sea.
TotalEnergies (PARIS: TTE) could be in line for a “significant boost” if a discovery is made at a key West of Shetland prospect.
As of 24 March, Westwood Global Energy reports that there are two exploration wells active, with one each in the West of Shetland and northern North Sea regions, and one appraisal well in the central North Sea.
French supermajor TotalEnergies (LON: TTE) has begun drilling a hotly anticipated exploration well West of Shetland.
Kistos (AIM:KIST) has confirmed plans by TotalEnergies to spud its much-anticipated Benriach well in Q2 of 2023, while a final decision on Glendronach is to be further delayed.
Plays by Shell (LON: SHEL), TotalEnergies (LON: TTE) and Ithaca Energy (LON: ITH) are listed amongst Wood Mackenzie’s UK North Sea wells to watch.
As the North Sea’s limited exploration well roster delivers a series of disappointing results, are there any promising plays left in E&P hoppers?
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million).