Sweden's Lundin Petroleum said on Monday its Norwegian Luno II field contained a slightly smaller than expected 25million to 120million barrels of oil equivalent (MMboe), pushing the Swedish exploration firm's shares lower.
Norwest Energy subsidiary NWE Mirrabooka has concluded its 2D seismic acquisition encompassing some 50km onshore the Isle of Wight on PEDL239, designed to provide details of the Razorback Prospect.
North sea oil explorer Valiant Petroleum has entered into a contract to secure a rig slot on the Stena Carron drillship for the Handcross prospect west of Shetland.
Oil explorer Summit Petroleum is to start drilling the Orchid prospect in the central North Sea with the Sedco 711 semi-submersible rig, it was announced today.