Recoverable resources at Lakris are estimated at 1.3–5.5 million boe after COSL Prospector drilled the first exploration well in licence 1002. The well will be permanently plugged and abandoned.
The four-well MaBoMo Phase 2 campaign will target the Hibiscus and Hibiscus South fields, with first production expected in early 2027. Appraisal results could support a fifth well targeting additional oil reserves.
Odfjell Drilling says the additional wells will follow the rig’s existing assignment at previously agreed rates. Equinor retains priced options for two more wells beyond the latest extension.
Fugro’s 2026 campaign covered 2,337 kilometres to inform EirGrid’s offshore substations and cable options, while public consultation on the planned grid connection remains open until 8 December.
OSW identified 251 procurements targeting foreign technology at operating wind farms and 42 requiring domestic technology in new installations. The records do not establish that replacements are complete.
Canada’s commitment includes CAD 5 million for floating LiDAR buoys. Net Zero Atlantic will receive nearly CAD 3 million for transmission modelling and marine surveys to help assess cable routes.
Ithaca Energy’s board has begun selecting a successor to Luciano Vasques, who became CEO in October 2024. The company plans a further announcement to support a smooth transfer of responsibilities.
Northland Power expects final permits for Hai Long in the first half of 2027. Construction costs remain in line with its original estimates as the development moves towards full commercial operation.
Equinor is leaving South Korea’s offshore wind market after 12 years. The decision follows its withdrawal from the 750MW Firefly project and plans to transfer its stake in the 200MW Donghae-1 development.
