Project Updates

Symra Oil and Gas Discovery

Credit: Sval Energi

Location: Utsira High, Norwegian North Sea, Norway

Project type: Oil and gas discovery 

Water Depth: 112m 

Operator: Aker BP 

The Symra oil and gas field is situated in production licence 167, 167B and 167C on the Norwegian continental shelf. The oil and gas prospect was discovered in 2018 by Equinor Energy. Drilling activities are expected to start in Q3 2025 and production in Q1 2027.

Marigold Oilfield Development

Credit: SINCHAI_B via Shutterstock

Location: North Sea, UK 

Project type: Oilfield development 

Water Depth: 140m 

Operator: AHUK 

The Marigold oilfield is projected to have a peak production capacity of 40,000 barrels of oil per day and 12 million standard cubic metres of gas per day. The field development plan is scheduled to be submitted in 2024 and begin production in 2028.

Walyering Gasfield

Credit: Strike Energy

Location: Perth Basin, Australia 

Project type: Onshore gas field 

Estimated Reserves: 56PJ of gas (2P reserves) 

Operator: Strike Energy 

The Walyering gasfield is a joint venture between Strike Energy and Talon Energy. The final investment decision on the project was made in August 2022, with an estimated development cost of $30m. Production from the field commenced in September 2023.