Harbour bullish on UKCS drilling
The firm will add a fifth rig as it seeks to extend reserve life in the basin
It is perhaps an indictment of the level of debate on the role of oil and gas on the journey to net zero that it has taken the tragic events in Ukraine to stimulate greater political and public interest in the relatively low-carbon barrels and molecules available to the UK from the North Sea. But a change in sentiment is noticeable and reinforced by increased enthusiasm for drilling by London-listed Harbour Energy, the largest independent producer on the UK continental shelf (UKCS). The firm has four rigs active in the basin and will add a fifth to drill in the Beryl area in the Northern North Sea by mid-year. One of the four recently arrived at Catcher in the Central North Sea (CNS), where
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals