• NCSAtlas: provides monthly up-to-date information on licenses and field activities on the Norwegian Continental Shelf, including area-by-area reviews, exploration drilling activity, reserves/resources benchmarks, production profile outlooks and monthly feature topics (e.g. asset transaction).
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Key NCS Takeaways January 2018
CapeOmega has entered into an agreement with DEA to acquire it’s interest in Polarled 4.79%, Gassled 0.08% and Nyhamna 1.06%
75 licenses were awarded in APA 2017; 45 in the North Sea, 22 in the Norwegian Sea and 8 in the Barents Sea. 5 commitment wells compared to 1 in APA 2016
APA 2018 areas are out on hearing with Norwegian Sea extended with 47 blocks and Barents Sea with 56 blocks
Aggregation of communicated drilling plans for 2018 indicates activity back at 2013-2015 levels of more than 45 wells to be completed
Wintershall started production on the Maria field 20% below budget and 1 year ahead of schedule Wintershall is planning to deliver PDO for Nova (Skarfjell) in 1H 2018. Nova will be a subsea tieback to Gjøa.
AkerBP submitted 3 PDO’s including Ærfugl (Snadd) subsea tieback to Skarv, Skogul (Storklakken) subsea tieback to Alvheim and Valhall West Flank at a combined cost of 15.5 billion NOK.
Statoil submitted PDO for Snorre Expansion, a 19 billion NOK subsea development tieback to Snorre with production start expected in 2021.
Repsol has submitted PDO for redevelopment of Yme using Maersk Inspirer at cost of 8 billion NOK and production start 2020
VNG has submitted PDO for Fenja (Pil&Bue) subsea tieback to Njord at cost of 10.2 billion NOK and production start 2021
AkerBP and Statoil are working to make concept select on NOAKA (North of Alvheim, Krafla, Askja)in Q1 2018. Choice is between a standalone field center with tie-ins or using 2 unmanned platforms tied back to Oseberg