Spirit Energy has signed an agreement to divest two non-core Danish assets to INEOS.

Spirit Energy and its partners in the Statfjord area plan to drill up to 100 new wells and extend production by more than 10 years. Previous plans to decommission Statfjord A in 2022 have been shelved to extract even more value from the field.

Spirit Energy will become the Operator of a new Southern North Sea discovery after an encouraging exploration campaign.

Production has been boosted from a North Sea gas field as part of a £68.5 million campaign.

A North Sea oil field has been set up for a new lease of life after a £140 million investment to unlock fresh reserves.

On 16 March, Spirit Energy started oil production on the Oda field, almost five months earlier than the original plan. The project has also come in under budget, with development costs reduced by around 15%.

Two normally unmanned installations which used to produce gas in Morecambe Bay will be decommissioned under plans to be submitted by Spirit Energy.

Spirit Energy has been awarded nine new licences in the Awards in Predefined Areas (APA) round on the Norwegian Continental Shelf, including two as operator.

Spirit Energy has also taken on operatorship of the nearby Cobra licence, where it holds a 50% interest.

Spirit Energy has submitted its Environmental Statement for the Pegasus West development, bringing the field closer to sanction.