Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

Showing posts with label Norwegian Sea. Show all posts
Showing posts with label Norwegian Sea. Show all posts

Sunday, 7 April 2019

Maria, you've gotta see her!

Wintershall has shut-in the Maria field since February, approximately a year after first production, following poor production performance. It is understood that reserves have been downgraded from 207mmbbl to c.60 mmbbl. The field is now undergoing testing and monitoring to see how best to produce the remaining reserves the recover the lost reserves whilst managing the reservoir. It is understood that the NPD has to review plans and sign off...