Insight
Northwest Europe upstream week in focus: 17 February 2016
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Report summary
The Week in focus has been published for over 30 years and covers all exploration and appraisal drilling activity throughout Northwest Europe. The report also provides comprehensive coverage of deals and licensing activity, detailing all farm-ins/outs, asset sales/swaps, corporate acquisitions and licence awards. A well tracker and offshore rig finder are also available for download. This weeks edition covers the Irish 2015 Atlantic Margin licensing round first tranche awards, completion of the Shell BG deal, Hibiscus Petroleum receiving approval for its proposed acquisition of the Anasuria cluster, North Energy's completion of the acquisition of Explora Petroleum and Egdon Resources' spud of the Laughton-1 well.
Table of contents
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Licensing
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Ireland
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2015 Atlantic Margin licensing round first tranche awards
- Rationale
- Minister of State, Mr Joe McHugh, said: "The response to the Round has been extremely positive, with 43 applications for Licensing Options received by the deadline of September 2015. This is by far the largest number of applications received in any licensing round held in the Irish offshore. At a time of very low oil prices the strong interest in the Round is very positive.
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Deals
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United Kingdom
- Shell BG deal is completed
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Deals
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United Kingdom
- Hibiscus Petroleum receives UK government nod for its proposed acquisition of Anasuria cluster
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Norway
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North Energy completes acquisition of Explora Petroleum
- Assets
- Rationale
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Wells
- 2016 Offshore well starts 01 January to 17 February
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United Kingdom
- Egdon Resources spuds Laughton-1 well onshore UK
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North Energy completes acquisition of Explora Petroleum
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United Kingdom
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United Kingdom
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2015 Atlantic Margin licensing round first tranche awards
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Ireland
Tables and charts
This report includes 14 images and tables including:
- Licences awarded in first tranche
- Location of blocks on offer in Porcupine Basin
- BG's 10 biggest assets in NW Europe by remaining reserves
- Location of BG's assets in the North Sea
- Explora Petroleum AS assets
- Location of equity held by Explora Petroleum in the Barents Sea
- Location of equity held by Explora Petroleum in the Norwegian Sea
- Location of equity held by Explora Petroleum in the Norwegian North Sea
- United Kingdom
- Norway
- Netherlands
- Denmark
- Well data for Laughton-1
- Location of exploration well Laughton-1
What's included
This report contains:
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