Korpfjell disappoints in the Barents
One of the most anticipated exploration wells of 2017, Korpfjell, has proven a small non-commercial gas volume in the frontier southeast region of the Barents Sea. The Statoil operated well had been targeting oil in a large structure that was estimated by partner Lundin to be over four times the size of that seen in the giant 1.9 - 3bnbbl Johan Sverdrup field.
Read more...Five themes from oil majors’ 2015 updates
This post is an excerpt from the latest edition of our Catalytic Converter monthly (link), published on 25 February 2015.
As the Big Oil year-end 2014 reporting season draws to an end, we reflect on the main messages from the strategy updates.
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