Page 13 - Euroil Week 10 2020

EurOil
NEWS IN BRIEF
EurOil
Bulgargaz seeks supplier
of bank guarantee for
gas delivery deal with
Azerbaijan’s Socar
State-owned natural gas supplier Bulgargaz on March 6 invited interested credit institutions to provide an unsecured bank guarantee for its contract with Azeri state-owned company Socar.
In 2018, Bulgaria announced plans to cover 30% of its natural gas needs with imports from Azerbaijan.
The bank guarantee is needed to secure Bulgargaz’s obligations worth $109.4mn under a 25-year gas delivery contract with Socar, according to the invitation document published on Bulgargaz’ website.
Bulgargaz has a contract with Azerbaijani state oil company SOCAR to import 1bn cubic metres of gas a year from the Shah Deniz II field starting in 2020.
If the country implements this plan,
it will significantly reduce its strong dependence on Russia. Currently, almost all of its natural gas is delivered by Russian giant Gazprom.
bne IntelliNews, March 06 2020
Two manifolds prepared for Wintershall Dea’s Nova field
Oil and gas company Wintershall Dea has marked another milestone in the development of its operated Nova field located offshore Norway.
The Nova field is being developed as a subsea tieback connecting two templates
to the existing Gjoa platform, which is operated by Neptune Energy. Gjoa will process the production fluids and provide water injection and gas lift to the Nova field.
In an update on its social media channels on March 6, Wintershall Dea said that Aker Solutions had completed two manifolds for the Nova field and handed them over to Subsea 7.
Subsea 7 will be in charge of the installation of these manifolds on the seabed of the Nova field.
According to Wintershall Dea, the manifolds will be installed in the coming months.
Wintershall Dea holds a 45% share in the Nova project. Other project partners are Capricorn Norge (a subsidiary of Cairn Energy) (20%), Spirit Energy Norge (20%),
Week 10 12•March•2020
and Edison Norge (15%).
The Nova field is located in the
Norwegian North Sea, 120km northwest of Bergen. The expected recoverable reserves from the field are around 80mn barrels of oil equivalent (boe), of which the majority will be oil. The Nova field is expected to come on stream in 2021.
When it comes to the project’s previous milestones, Wintershall Dea in May 2019 installed two subsea templates on the ocean floor in Norway, marking a major milestone for the Nova project.
In August 2019, Wintershall Dea completed the installation of the subsea pipelines and umbilicals for the Nova project. Subsea 7 spearheaded the subsea work and installed the templates on the Nova field before laying 65 kilometers of pipelines using the Seven Oceans vessel, and 20 kilometers of control umbilicals using the Skandi Acergy vessel.
March 6 2020
HALO cleared for Dutch offshore licence transfer
Hague and London Oil (HALO) has received approval from the Dutch Ministry of Economic Affairs and Climate Policy for transfer of ownership in the D12b licence offshore Netherlands from ONE-Dyas (OND).
The transfer of the D12b licence ownership is part of a deal to acquire several assets in the Dutch & UK sectors of the North Sea from ONE-Dyas (OND) agreed in September 2019.
These assets consist of 7.9% of the Sillimanite Development Unit, straddling the Dutch & UK median line in the North Sea; 0.85% of the Joint Development
Area (JDA); 2.34% of the Western Gas Transmission (WGT) pipeline system, including the onshore Den Helder gas processing facilities; and, 4.167% net profit interests (NPl) on blocks in and adjacent to the JDA.
The proposed acquisition will increase HALO’s interests in the JDA and WGT
to 10.80% and 11.22% respectively and
a new entry with 7.9% of the Sillimanite Development Unit comprised of 11.73% Block 44/19a (UK (includes the Sillimanite West Discovery)) and 7.037% Block D12b (Netherlands).
The interests in the assets will be purchased for a price of €8.85 million ($9.7mn) in cash at the closing of the sales purchase agreement.
HALO noted on March 10 that the first gas was achieved from the Sillimanite field inclusive of the D12b license. The project is operated by Wintershall Dea.
According to the company, further work and drilling continues on the field towards full development which is anticipated within the coming months.
HALO also stated that mandatory public consultation period for a provisional award of the F4a block offshore Netherlands has recently closed.
Therefore, subject to no further consultation or response being required, the company will contemplate a formal award of the block to the company and partners relatively soon.
March 9 2020
Drilling permit for well
35/10-5 in production
licence 827 S
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 35/10-5, cf. Section 15 of the Resource Management Regulations.
Well 35/10-5 will be drilled from the West Hercules drilling facility in position 61 11’07.06’’ N and 03 15’10.86’’ E.
The drilling programme for well 35/10-5 relates to the drilling of wildcat wells in production licence 827 S. Equinor Energy AS is the operator with an ownership interest of 70%. The other licensee is DNO Norge AS with 30 per cent.
The area in this licence consists of parts of block 35/10. The well will be drilled about 11 km southwest of the Vega field.
Production licence 827 S was awarded on February 5 2016 (APA 2015). This is the first well to be drilled in the licence.
The permit is contingent on the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.
NPD, March 10 2020
Bulgargaz to book 500 mcm
of gas per year at Greece’s
Alexandroupolis terminal
State-owned natural gas supplier Bulgargaz will will book around 500mn cubic metres of natural gas per year for 10 years at the Alexandroupolis Independent Natural Gas
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