Page 15 - EurOil Week 35 2021

EurOil NEWS IN BRIEF EurOil

Ineos closes purchase of decarbonisation of the oil and gas sector, million standard cubic metres (Sm3) of
and to small-scale innovation projects of less
recoverable oil, the NPD said.
Hess assets than 100 MW. for the well was to take liquid samples
The primary exploration objective
Scotland’s seabed manager announced
INEOS E&P has completed the acquisition the new leasing round shortly after the to clarify the quality of the oil proven
of Hess’ subsidiary Hess Denmark for $150 Scottish Government opened consultation in the Skade Formation in well 25/2-21
million. Hess will use the proceeds to fund related to a new Sectoral Marine Plan for (Liatårnet). The secondary exploration
its projects in Guyana. Offshore Wind for Innovation and Targeted objective was to collect geological
With the acquisition, first announced Oil and Gas Decarbonisation (INTOG). The information on formation strengths and to
in March, INEOS has become the owner consultation is gathering input on the new prove the oil/water contact.
of 61.5% of the Hess-operated Syd Arne planning process which will inform the areas The well 25/2-22 S encountered 31
oil field, complementing the 36.8% share to be made available for seabed leases. metres with the same reservoir interval as
INEOS already holds and 4.8% in the INEOS Crown Estate said the final Option well 25/2-21 (Liatårnet), with extremely
operated Solsort field. Agreements with applicants granted seabed good porosity and moderate permeability.
The South Arne Field produced an rights under this new auction would be put The uppermost 5 metres contain traces of
average of 5,800 barrels of oil equivalent per in place after the adoption of the INTOG oil. Estimated oil saturations and liquid
day net to Hess in the fourth quarter of 2020. Offshore Wind Sectoral Marine Plan by the samples collected in the reservoir interval
“The deepening of INEOS’ operating Scottish Government. indicate that the oil in this well cannot be
position in Denmark supports INEOS Further information on the new leasing produced. The oil/water contact was not
Energy’s development of the Greensand process is expected to be published in encountered.
carbon storage project in the INEOS November 2021. The directorate stated that the results
operated Siri and Nini area fields,” INEOS “Power generation accounts for around show that the appraisal well will entail
said. two thirds of oil and gas production a downward adjustment of the resource
Earlier this month, a consortium emissions. The electrification of oil and gas estimates in the Skade Formation in 25/2-
of 29 companies, research institutes, installations is vital if industry is going to 21 (Liatårnet), but it is too early to give an
and universities, on Tuesday, signed an meet its 2027 and 2030 decarbonisation updated estimate for the discovery.
agreement to support the next phase of the targets agreed in the North Sea Transition The well was not formation tested, but
Greensand pilot project to demonstrate Deal”, said Scott Robertson, Oil and Gas extensive data acquisition and sampling
the safe and permanent storage of CO2 in Authority Director of Operations.. have been carried out. This is the tenth
offshore reservoirs in the North Sea, off exploration well in production licence 442,
Denmark. which was awarded in APA 2006.
Commenting on Hess acquisition, Brian Aker BP slashes discovery The appraisal well 25/2-22 S was drilled
Gilvary, Executive Chairman of INEOS to respective vertical and measured depths
Energy said, “I am pleased we have been estimate after drilling of 1767 and 1772 metres below sea level
able to complete the acquisition. The deal and was terminated in rocks from the
represents a major step in reshaping our appraisal well Oligocene/Eocene Age (the Hordaland
energy business. It also opens up prospects Group).
that can be developed in Denmark’s offshore Norwegian oil and gas company Aker BP The water depth at the site is 111
oil and gas sector, supported by a very has concluded the drilling of an appraisal metres. The well has been plugged and
promising carbon storage project.” well on the Liatårnet oil discovery located abandoned.
Hess CEO John Hess said: “The sale of our in the North Sea. As a result, the well The well was drilled by the Deepsea
Denmark asset enables us to further focus will entail a downward adjustment of the Nordkapp drilling rig, which will now
our portfolio and strengthen our cash and resource estimates in the discovery. proceed to the Alvheim area in the
liquidity position. Proceeds will be used to The appraisal well 25/2-22 S on the North Sea to drill a development well in
fund our world-class investment opportunity 25/2-21 (Liatårnet) oil discovery is located production licence 150, where Aker BP is
in Guyana.” in production licence 442, where Aker also the operator.
Hess is a partner in ExxonMobil-operated BP is the operator and Lotos E&P is its
Stabroek block offshore Guyana, where partner.
ExxonMobil has in recent years discovered The Norwegian Petroleum Directorate GasLog completes LNGC to
more than 9 billion barrels of oil, and is (NPD) said on Wednesday that the well
working to bring several FPSO units to the was drilled about 40 kilometres northeast FSU conversion
block in the comping years to develop the of the Alvheim field in the North Sea
discovered resources. and about 200 kilometres northwest of Crude oil loading at Equinor’s Sture export
Stavanger. The discovery was proven in terminal on Norway’s west coast was
2019 in reservoir rocks from the Miocene interrupted on Thursday after activists from
Scotland to launch offshore Age (the Skade Formation). the Extinction Rebellion group breached the
facility’s safety zone, the company said.
According to a separate statement from
wind tender to decarbonise Aker BP, Liatårnet was considered as a Bergen Aframax vessel, but other operations
Equinor halted the loading of the TS
potential resource addition to the NOAKA
oil and gas development, however, it was not included were not affected, a company spokesperson
in the NOAKA resource base. The results
said.
Crown Estate Scotland, which is currently of this appraisal well will not impact the Sture is a major export facility for crude,
reviewing the ScotWind Leasing Round NOAKA development project. which arrives by pipeline from several
applications, will open a new leasing process Before appraisal well 25/2-22 S was offshore fields including Equinor’s Oseberg,
early next year, dedicated specifically to drilled, the operator’s resource estimate Lundin Energy’s Edvard Grieg and Aker BP’s
offshore wind projects which support the for the discovery was between 13 and 32 Ivar Aasen, according to Equinor’s website.

Week 35 02•September•2021 www. NEWSBASE .com P15