Page 16 - EurOil Week 04 2021

EurOil NEWS IN BRIEF EurOil

Apios was set up in 2009 and operates hydrocarbons at its exploration well targeting signed the rig contract with COSL for the
26 filling stations, holding a market share of the Bask prospect in the southern Barents drilling of the two wells - targeting the
approximately 3%. Sea, off Norway. Jerv and Ilder prospects - in August 2020.
In Greece, Coral owns about 700 filling The main objective of the well, Separately, the Norwegian oil and gas
stations, distributing petrol, fuel oil, diesel drilled by the company’s Norwegian safety body gave its approval for Aker BP
and lubricants. subsidiary Lundin Energy Norway, was to use Maersk Drilling’s Maersk Integrator
to prove hydrocarbons in Paleocene jack-up drilling rig for production drilling
aged sandstones. The targeted formation on the Tambar field.
EU holding off on Turkey contained a poorly developed reservoir, the Norwegian sector in the North Sea, 16
Tambar is a field in the southern part of
and although traces of hydrocarbons were
sanctions after “positive” found, it is not considered commercial and km southeast of the Ula field.
The water depth is 68 m. Tambar was
the well is classed as dry, the company said.
feedback from Ankara’s northwest of the Alta discovery and to the discovered in 1983, and the plan for
The Bask well was drilled 35 km
development and operation (PDO) was
talks with Greece south of the Johan Castberg field using the approved in 2000. The field has been
developed with a remotely controlled
West Bollsta semi-submersible drilling rig.
The European Union has decided to hold off Lundin Energy is the operator of wellhead facility without processing
on imposing sanctions against Ankara after PL533B licence where the prospect is equipment. Production started in 2001.
gaining some encouragement from a positive located, with a 40% interest. The partners
spirit evident at recent bilateral engagements are Aker BP with 35% and Wintershall
and exploratory talks between Turkey and DEA Norge AS with 25%. Shell awarded LNG
Greece. The West Bollsta drilling rig will now
Leaders of the bloc approved additional move to drill the Lundin Energy operated, bunkering licence
sanctions to be levied on Turkey last Segment D prospect in PL359, adjacent to
December over Ankara’s seismic research the Solveig subsea tie back development Shell submitted an application to the Gibraltar
and drilling activities off the coasts of project, on the Utsira High. Port Operations Office for an LNG bunker
Cyprus and Greece in areas where the The well 16/4-13S will target Permian license in 2019. The Government of Gibraltar
countries claim exclusive economic zones and Triassic aged sandstones, similar to confirmed its approval on January 26 2021.
(EEZs). Turkey disputes the reach of the those found at Solveig. On the success of Shell stressed that LNG bunkering is
zones. Segment D, the development would be similar to traditional ship fuel bunkering
“We did not decide to sanction Turkey via a low-cost tie-in to the Solveig subsea operations that already occur in Gibraltar,
today, because we see that there are facilities. which is one of the biggest ship bunkering
positive developments,” German Foreign The partners are OMV (Norge) AS with locations in Europe. The company is
Minister Heiko Maas said in televised 20% and Wintershall DEA Norge AS with already performing bunkering operations
remarks following a virtual meeting with 15% interests. around the world, including in France,
26 EU foreign ministers on January 25. the Netherlands and Norway. This year,
“There are no Turkish ships in Shell will also perform LNG bunkering
the contested areas in the eastern Chrysaor, Aker BP secure operations in North America and
Mediterranean anymore; exploratory talks Singapore.
between Turkey and Greece have begun approvals from Norwegian “The Gibraltar Port Authority now
this evening in Istanbul. Those are all looks forward to working with Shell to
positive signals that we had waited for offshore wells further develop the range of bunkering
for a long time, which should now not be service as the Port of Gibraltar to include
strained by sanctions,” he added. The Petroleum Safety Authority Norway LNG bunkering. This is in line with the
Turkish officials have lately paid high- has this week given its consent to oil firms aspiration to keep Gibraltar on the leading
level visits to Brussels to restate Ankara’s Chrysaor and Aker BP to use the COSL edge of developments in the bunkering
willingness to join the union one day and Innovator and Maersk Integrator drilling rigs, industry and to reinforce our position as
to open a new page on present relations. respectively, for their drilling projects offshore a bunkering hub,” said Vijay Daryanani,
Prior to their new talks, Turkey and Greece Norway. Minister for the Port.
had not had any such encounter for five Chrysaor, which is working to complete To remind, Shell has built Gibraltar’s
years. its merger with Premier Oil, will use the first liquefied natural gas facility in 2018.
The coming to power of Joe Biden COSL Innovator semi-submersible drilling The small-scale LNG facility includes five
in the US is widely seen by analysts as rig to drill two wells 15/12-25 and 15/12- storage tank with a total capacity of 5,000
having prompted a change in Ankara’s 26 in the North Sea. cubic meters and includes a jetty for small-
foreign policy approach. Donald Trump, The wells are located in the Production scale LNG carriers.
who reached the end of his term as US license 973.
president last week, was seen as tolerating The first well 15/12-25 is located at a
Turkey’s exertion of hard power in its water depth of 86 m. Drilling is expected Eni buys Spanish utility
region, but Biden is unlikely to be so to start in February and will take a
accommodating. minimum of 31 days to complete. Eni Gas and Electricity has purchased the
The second well, 15/12-26, located in Spanish utility Aldro Energía to expand its
the same production licence, sits in a water presence in Europe. Alberto Chiarini, CEO
Dry well for Lundin at Bask depth of 87 m. The 15/12-26 well will take of Eni Gas and Electricity said the company
wants to reach 11 million customers by 2023
a minimum of 25 days to complete, and is
prospect in Barents Sea expected to spud in March/April 2021. and offer not only gas and electricity but all
According to info on Chrysaor’s website, services related to home and energy.
Swedish oil and gas company Lundin Energy the wells in PL 973 will be Chrysaor’s
has not found commercial quantities of first operated Norwegian wells. Chrysaor

P16 www. NEWSBASE .com Week 04 28•January•2021