The primary exploration target for wells 25/2-24 S and A was to prove and delineate remaining petroleum deposits in the Frigg Formation in the Øst Frigg Beta structure, which produced gas from 1988 to 1997.
Labour has confirmed it will block all new domestic oil and gas developments if it wins power, proposing instead to invest heavily in renewable sources such as wind and also in nuclear power.
The North Sea Transition Authority (“NSTA”) has announced that Britain’s first oil and gas exploration licensing round since 2019 attracted 115 bids from 76 companies.
Ministers are weighing up a new gasfield but is more UK fossil fuel production necessary or desirable given its climate commitments?
Equinor has again made an oil and gas discovery near the Troll field in the North Sea. This is Equinor’s eighth discovery in the area since 2019.