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y/y, respectively, in the first half of this year, Equinor, ConocoPhillips get under a $235,000 per day contract with
according to Energy Market Regulatory Board ConocoPhillips until November 2020.
data compiled by state-run news service well approvals off Norway
Anadolu Agency.
The key factor was growing imports of Oil and gas firms Equinor and ConocoPhillips Wintershall Dea spurns US
cheaper liquefied natural gas (LNG) at the have been given permission to drill wells by
expense of piped gas. Turkey’s pipeline gas Norway’s Petroleum Safety Authority (PSA) in sanctions on Nord Stream 2
imports fell by 22.8% while LNG imports the North and Norwegian Sea.
grew 44.8% in the first half of the year. Equinor received regulatory approval on Germany’s Wintershall Dea has rejected
Turkey’s natural gas imports in H1 overall Friday from the PSA to sink a sidetrack in an sanctions the US wants to impose on the Nord
dropped by 3.5% to 22.5bn cubic metres exploration well 35/11-24 in the North Sea, Stream 2 pipeline, according to Reuters.
(bcm). Of this, the country imported 12.1 at the Swisher prospect. According to an article by Reuters, the
bcm via pipeline and 10.3 bcm as LNG. The well will be drilled in a water depth sanctions planned by the U.S. are aimed to
Turkey purchased 2.02bcm of gas from of 356 metres. Equinor will use Seadrill’s discourage its completion.
Iran with no imports between April and 2008-built West Hercules semi-submersible Wintershall Dea CEO Mario Mehren told
June while imports from Russia declined to drilling rig. The drilling is expected to take Reuters in a phone call on August 19 after
4.7bcm. 63 days to complete. presenting half-year results that Nord Stream
The country imported its highest amount The same rig was recently used on the 2 would be completed and loans would be
of gas, at 5.44 bcm, in the first half of this successful Atlantis well. At the time of the repaid as it is a project that Europe needs.
year from Azerbaijan. The volume marked a discovery, Equinor said that the proven US sanctions are aimed at discouraging
23.4% increase compared to the same period reserves were between 3 and 10mn cubic competition in the European gas market, he
of 2019. metres of recoverable oil equivalent, or 19- said.
Turkey, under its long-term LNG contract 63mn barrels of oil equivalent. “We have seen that the project has
with Algeria, imported its highest LNG PSA also gave its consent to been brought into a broader geopolitical
volume at 2.99 bcm in the six months. ConocoPhillips to drill an exploration well at framework that is threatening a number of
However, the highest spot LNG volume the Slagugle prospect in the Norwegian Sea. industries and parties involved. We reject
imported by Turkey came from Qatar at Conoco will drill the well, designated these as does the German government and
2.85bcm. That marked a 124% y/y increase. 6507/5-10 S, using Transocean’s Leiv the European Commission and a number of
Turkey’s spot LNG imports from the US Eiriksson semi-submersible drilling rig. European countries“, he said.
grew by 144% y/y to reach 2.16bcm in the The well, located in the production license
first half.. 891, will take 47 days to complete. It is
located in a water depth of 354 metres.
The 2001-built Leiv Eiriksson rig is

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