MINOR OIL AND GAS FIND FOR PGNiG ON SHREK PROSPECT IN THE NORWEGIAN NORTH SEA

The Polish state controlled energy company PGNiG reported a new oil and gas discovery on the Shrek prospect in the Norwegian Sea.
Based to preliminary estimation, the recoverable resources of the Shrek discovery is in the range between 19 and 38 MMboe (million barrels of oil equivalent), as confirmed by the Norwegian Oil Directorate (NPD).
“As initially announced, drilling of the Shrek prospect took a month and a half. We confirmed the presence of natural gas and crude oil in the lower and middle Jurassic sandstones. We took cores and samples of reservoir fluids and performed detailed geophysical logging, which allowed us to determine the preliminary size and assess the quality of the reservoir,” commented Piotr Wo?niak, President of the PGNiG Management Board. “This discovery is a big success for PGNiG Upstream Norway, which is operator for the license,” he added.
Drilling of the main exploration wellbore and appraisal sidetrack, which appraised the structure towards the west, took as planned 45 days. Drilling was carried out offshore, where the water depth is about 350 meters. The top of reservoir has been encountered as assumed, at depth of approx. 2000 meters below the sea surface. The Shrek discovered is located about 5 km south from the Skarv FPSO.
“It is very probable that the new field will be tied back to Skarv FPSO, owned partly by PGNiG, which can have a positive impact on the profitability of the Skarv project. Thanks to the new discovery, we will increase our own production on the Norwegian Continental Shelf, where we want to produce 2.5 bcm of natural gas annually after 2022,” said the President of the PGNiG Management Board.
PGNiG Upstream Norway holds 40 percent shares in the PL838 license. It was awarded as part of the APA2015 round. It is located in the Norwegian Sea and is directly adjacent to the Skarv and Aerfugl licenses, where PGNiG carries out hydrocarbon production
PGNiG Upstream Norway currently holds shares in 24 exploration and production licenses on the Norwegian Continental Shelf.
PGNiG started drilling the exploration well the 30 August 2019 using the Odfjell semi-submersible Deepsea Nordkapp. It was the company’s first well drilled in the Norwegian Sea by the Polish company as operator. (Source: PGNiG - Image: Deepsea Nordkapp)

APRIL 1992: THE END OF KATINA P TANKER OFF THE COAST OF MOZAMBIQUE

October 06, 2019

In April 1992 Katina P was a 26-year-old tanker that had been declared unseaworthy while anchored at Rio de Janeiro, and was ordered to steam that...

Read More+
USGS – 214 TRILLION CUBIC FEET OF GAS IN APPALACHIAN BASIN FORMATIONS

October 05, 2019

The Marcellus Shale and Point Pleasant-Utica Shale formations of the Appalachian Basin contain an estimated mean of 214 trillion cubic feet of undiscovered,...

Read More+
ALASKA NORTH SLOPE HOLDS 53.8 TRILLION CUBIC FEET OF NATURAL GAS HYDRATES

October 05, 2019

The Alaska North Slope contains an estimated 53.8 trillion cubic feet of natural gas hydrate resources, according to a new assessment by the U.S. Geological...

Read More+
SHELL QGC SHIPS 500th LNG CARGO FROM CURTIS ISLAND

October 04, 2019

Shell QGC business, along with its Joint Venture Partners CNOOC and Tokyo Gas, today announced the 500th cargo of LNG has sailed from its LNG plant...

Read More+
SHELL AND ITHACA ENERGY APPROVE UPGRADE OF PIERCE FIELD IN THE UK NORTH SEA

October 04, 2019

Shell and its partner Ithaca Energy have taken a final investment decision to build new gas production facilities at the UK's Pierce field in the Central...

Read More+
INDUSTRY TRANSITION ACCELERATES DIGITALISATION AT FUTURE DOWNSTREAM

October 04, 2019

The downstream and oil and gas industry is rushing headlong into the digital era. And the transformation that is underway is one that will eventually...

Read More+
NOVATEK SHIPPED 15 LNG CARGOS VIA THE NORTHERN SEA ROUTE

October 04, 2019

Novatek announced that 15 LNG cargos from the Company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly via the Northern...

Read More+
BRUNEI SHELL PETROLEUM SECURES PV DRILLING V TENDER ASSISTED RIG FOR SIX YEARS

October 04, 2019

PetroVietnam Drilling & Well Service Corporation (PV Drilling) has entered into a Contract for Provision of Heavy Tender Assist Semi-Submersible...

Read More+
AES WILL DEVELOP VIETNAM’S SON MY 2 POWER PLANT

October 04, 2019

The AES Corporation announced it was granted approval by the Government of Vietnam to develop the 2.2 GW combined cycle gas turbine (CCGT) power plant,...

Read More+
LARGEST-EVER CONTRACT FOR WEATHERFORD OPTIMAX DEEP-SET SAFETY VALVES

October 03, 2019

Weatherford International has announced the largest-ever contract for Optimax deep-set safety valves. Under terms of a deal with Brazilian-based multinational...

Read More+
SUBSEA 7 WINS BP CONTRACTS IN THE CASPIAN SEA

October 03, 2019

Subsea 7 announced the award of two contracts, together representing a sizeable contract award, by BP Exploration for the Azeri Central...

Read More+
SAIPEM BAGS EQUINOR’S PIONEERING WIRELESS SUBSEA DRONE CONTRACT

October 03, 2019

Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV. This...

Read More+