Statoil confirms North Sea Verbier well intentions

Offshore staff 

LONDONStatoil has informed Britain’s Oil and Gas Authority of a firm exploration well commitment next summer on the Verbier prospect in the UK central North Sea.

Jersey Oil & Gas, which has an 18% interest in the surrounding license P.2170, blocks 20/5b and 21/1d, says no extension is therefore needed to the Nov. 30 drill-or-drop deadline.

CEO Andrew Benitz said: “We believe the planned well could be one of the most exciting exploration prospects to be drilled in the UK continental shelf in recent years.”


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...