Aker BP: Green light for exploration in the North Sea

The Norwegian Ocean Industry Authority, Havtil, grants Aker BP permission to drill in the Trell Portiko and Trell Sirloin exploration prospects in the North Sea.
Aker exploration mer du Nord

Partagez:

The Norwegian Ocean Industry Authority, Havtil, has given the go-ahead to Aker BP for exploration drilling in production permits 102 F/G in the North Sea, issued on October 10, 2013 and valid until March 1, 2025. Aker BP holds a 60% majority stake and operates the licenses, with Petoro and PGNiG Upstream Norway as partners. In 2022, Norway had already awarded Aker licenses for 30GW of new offshore wind capacity by 2040.

Drilling details

The 25/5-H-2 H and 25/5-H-2 AH wells will be drilled to a water depth of around 120 meters, using Odfjell Drilling’s Deepsea Nordkapp rig. This sixth-generation semi-submersible platform, designed for harsh environments, plays a key role in exploration. Odfjell Drilling, a long-standing partner of Aker BP, will continue its operations in the North Sea thanks to a contract extension until the end of 2024, with an option to extend. This partnership testifies to the commitment of both entities to the development of North Sea resources.

Implications for Norway’s energy sector

This drilling authorization and the extension of the contract with Odfjell Drilling underline the importance of the Trell Portiko and Trell Sirloin projects for the Norwegian energy industry. These developments contribute to our understanding of the region’s oil and gas potential.

Support for future energy production

Exploration in these prospects is crucial to assess their viability as future energy sources. With the extension of the Odfjell Drilling commitment, Aker BP is positioning itself for successful exploration, supporting Norway’s energy objectives.

Havtil’s approval for Aker BP to drill in the Trell Portiko and Trell Sirloin areas of the North Sea marks a significant milestone in Norwegian energy exploration. The collaboration with Odfjell Drilling strengthens Aker BP’s ability to carry out these operations, underlining the importance of strategic partnerships in the sector.

Faced with recurrent shortages, Zambia is reorganising its fuel supply chain, notably issuing licences for operating new tanker trucks and service stations to enhance national energy security and reduce external dependence.
The closure of the Grangemouth refinery has triggered a record increase in UK oil inventories, highlighting growing dependence on imports and an expanding deficit in domestic refining capacity.
Mexco Energy Corporation reports an annual net profit of $1.71mn, up 27%, driven by increased hydrocarbon production despite persistently weak natural gas prices in the Permian Basin.
S&P Global Ratings lowers Ecopetrol's global rating to BB following Colombia's sovereign downgrade, while Moody’s Investors Service confirms the group's Ba1 rating with a stable outlook.
Shell group publicly clarifies it is neither considering discussions nor approaches for a potential takeover of its British rival BP, putting an end to recent media speculation about a possible merger between the two oil giants.
The anticipated increase in the tax deduction rate may encourage independent refineries in Shandong to restart fuel oil imports, compensating for limited crude oil import quotas.
Petro-Victory Energy Corp. starts drilling of the AND-5 well in the Potiguar Basin, Brazil, as the first phase of an operation financed through its strategic partnership with Azevedo & Travassos Energia.
The Texan Port of Corpus Christi has completed major widening and deepening work designed to accommodate more supertankers, thus strengthening its strategic position in the US market for crude oil and liquefied natural gas exports.
BP Prudhoe Bay Royalty Trust is offering its interest in Prudhoe Bay, North America’s largest oil field, as part of its planned dissolution, assisted by RedOaks Energy Advisors for this strategic asset transaction.
CNOOC Limited’s Hong Kong subsidiary and KazMunayGas have concluded a nine-year exploration and production contract covering nine hundred and fifty-eight square kilometres in Kazakhstan, sharing investment and operations equally.
Donald Trump announced that the United States will no longer oppose Chinese purchases of Iranian oil, immediately triggering a drop in global crude oil prices and profoundly reshaping international energy trade partnerships.
Research firm S&P Global Commodity Insights lifts its outlook for the fourth straight year, betting on three point five mn barrels per day from 2025 despite lower prices.
Enbridge plans to expand its infrastructure to increase oil transportation from the American Midwest to the Gulf Coast, anticipating rising exports and addressing current market logistical constraints.
US commercial crude inventories significantly decline by 3.1 million barrels, widely surpassing initial forecasts and immediately pushing international oil prices higher.
The UK could have hydrocarbon reserves twice as large as current official estimates, according to Offshore Energies UK, highlighting the impact of fiscal policies on forecasts and the economic future of the North Sea.
Following US strikes in Iran, international energy companies partially evacuate their teams from Iraq as a precaution, while Lukoil maintains its entire personnel on southern oilfields.
Chinese independent refineries remain cautious amid rising Iranian crude prices driven by escalating Iran-Israel tensions, potentially threatening access to the strategic Strait of Hormuz.
Gazprom, affected by a historic $6.9bn loss in 2023, is offering Pakistani state-owned firm OGDCL its petroleum assets in Nigeria to strengthen its presence in Asia’s energy market, according to Pakistani sources.
Donald Trump urges control of oil prices following U.S. military action against Iranian nuclear facilities, amid escalating tensions around the strategic Strait of Hormuz, threatening to significantly impact global markets.
PermRock Royalty Trust announces a monthly distribution of $539,693 to unit holders, impacted by reduced oil volumes and prices in April, partly offset by increased natural gas sales.