Page 12 - Euroil Week 06 2020

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NEWS IN BRIEF
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Gazprom might cut gas price for Bulgaria by 50%
Gazprom intends to reduce the price for delivery of natural gas to Bulgaria by 50% to $140 per 1,000 cubic metres, Russian Kommersant reported on February 12.
The information came days after Bulgarian Energy Minister Temenuzhka Petkova announced that the country would reduce its imports of natural gas from Russia to 50% of its total consumption by the end of 2020.
Currently, the country is completely dependent on Moscow for its gas, which gives Russia a strong lever with which to influence the country’s politics.
Petkova has said that, of the 3bn
cubic metres of the country’s total gas consumption, the country will start securing half via imports from Azerbaijan and from liquified natural gas (LNG).
Among the steps that are supposed
to secure diversification of Bulgaria’s
gas deliveries is the Gas Interconnector Greece-Bulgaria (IGB). Earlier in January, Petkova said this should be completed by October this year.
The interconnector will have a length
of 182km, of which 151km will be across Bulgarian territory. Its capacity is planned to be 3 bcm. Bulgaria and Greece signed a delayed final investment decision (FID) on building the interconnector in December 2015.
bne IntelliNews, February 12 2020
ConocoPhillips drills dry well in North Sea well
The wildcat well 25/7-9 S is located in production license 917 where ConocoPhillips is the operator.
The well was drilled about 7 kmnorthwest of the Balder field in the central part of the North Sea and 200 km west of Stavanger.
The objective of the well was to prove petroleum in Eocene reservoir rocks (the Hordaland Group). The well encountered two thin sandstone layers of about one meter in the Hordaland Group, with very good reservoir properties and traces of petroleum. The well is classified as dry.
The well 25/7-9 S was drilled to respective measured and vertical depths of 1955 and
1899 meters below sea level, and the well was terminated in the Sele Formation. Data has been collected in the well.
This is the second exploration well in production license 917. The license was awarded in APA 2017. Water depth at the site is 126 meters. The well has been permanently plugged and abandoned.
The well 25/7-9 S was drilled by the Leiv Eiriksson drilling semi-submersible rig.
February 12 20200
Equinor awards new
charter deals to Norwegian
platform suppliers
The two platform suppliers in question are Eidesvik’s Viking Queen and Havila’s Havila
Clipper.
Both vessels were initially chartered by
Equinor back in April 2019. Contracts for both vessels were firm for four months with further options in the charterer’s favor and they started in the second quarter of 2019.
Equinor awarded another deal to the Viking Queen in July 2019. The contract period was for six months, which started in direct continuation of the previous deal. This charter expired at the end of August 2019.
In the latest round of contract awards, Eidesvik’s Viking Queen was awarded a new contract in direct continuation of the existing contract expiring at the end of February 2020.
Announcing this new deal on February 13, Eidesvik said that the firm period of the new contract was eight months, with options for further extensions.
In a separate statement on the same day, Havila stated that it had also won an eight- month contract from Equinor for the Havila Clipper. The deal also includes four two-month optional periods.
Havila added that the expected startup under the new contract was in direct continuation of the existing contract for the vessel.
As for the vessels themselves, the Viking Queen platform supply vessel is of a VS 493 AVANT LNG design built-in 2008 by Westcon Yard in Olensvag, Norway.
Havila Clipper is a platform supply vessel of a Havyard 832 Design built in 2011.
February 13 2020
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Week 06 13•February•2020