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New SNS opportunity
 Tullow Oil has signalled new opportunities in the UK sector of the Southern North Sea where the Harrison gas field development is moving ahead and a tieback is being considered to defer decommissioning at the Thames gas field.
In a trading update today Tullow Oil signalled that work is now underway on the Harrison field development in the Caister-Murdoch field area. Work on Harrison progressed well last year and Tullow says partners are now aligned on an export route and development concept planning.
“The development is likely to receive partner approval early in 2011 and the Field Development Plan is expected to be submitted mid-year,” Tullow stated today.
Also after an equity deal with ConocoPhillips, Tullow has now increased its stake in the nearby Cameron prospect exploration well which is due to be drilled in April and which is just to the south of the Harrison discovery in UK block 44/19b,
“In December, Tullow acquired a 100% interest in promote block 49/29d situated at the heart of the Thames hub area,” the company reported. This block, Tullow says, is considered to have good gas prospectivity, which may lead to a well being drilled in 2011.
“In the event of success, it will be tied back to Thames, deferring field abandonment and generating additional gas sales revenue.”
In the Dutch sector of the North Sea, Tullow reports that it has acquired new data in a significant high specification 3D survey covering 1,6000 sq. km in quadrant E encompassing Tullow operated blocks. Data from this survey will be used to refine Carboniferous prospects for drilling in 2012.
And the company spudded its first Dutch exploration well in December last year aiming for a Carboniferous Muscovite prospect extending from Dutch block E16 to E13b immediately south of Tullow’s E and D quadrants.Advertisement
 Estimated reserves in the UK North Sea Fyne field have been cut down 36% by former operator Antrim Energy and further doubt has been cast over the future development of the discovery. [Les mer ] • Field development
 Tullow Oil has revealed that a new well on the Ketch field in the UK Southern North Sea has come in successfully and is to be brought onstream. [Les mer ] • Field development
 Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations - rose in value. [Les mer ] • Company news
 Middle East-based rig and fabrication group Lamprell has warned of a tightening in the international supply chain for rig components which has hit its construction schedules and costs. [Les mer ] • Company news
 Bond Offshore is to resume flying with its fleet of Eurocopter Super Puma helicopters after its own investigation of a gearbox fault which caused a North Sea crew change flight to ditch into the sea. [Les mer ] • HSE
 Dutch based Dockwise has launched a mandatory but hostile takeover offer for shares in rival Fairstar Heavy Transport which it does not already own. [Les mer ] • Company news
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Aker group grows value Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations rose in value.
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