Norway
Russian tax incentive unlock foreign investments The key factor that prompted the companies to sign the agreement was the steps taken by the Government of the Russian Federation to introduce tax incentives for offshore production, including cancelling export duties and introducing a reduced Mineral Extraction Tax rate of 5-15% depending on project complexity. The Russian Government also offered guarantees that the favourable tax regime will remain in […]
Mariner is the first field to be developed from the $9.6 billion capital expenditure Mariner & Bressay project located in the UK North Sea Because the offshore ultra heavy crude oil is one of the most challenging exploration & production of the Oil&Gas sector, Statoil decided to proceed step by step. Mariner will go first and Bressay will follow one […]
The Johan Sverdrup giant oil field is the largest oil field discovery in 2011 in the World and the fifth biggest ever in Norway. It is located 140 km west of Stavanger and sitting by 110 m water depth and about 2000 m deep below the sea level. Statoil and Lundin from Sweden are the main owners of this field, […]
Definition: “Subsea Electrical System” refers to all the solutions to transport and distribute electrical power from the land or an Offshore operating unit, such as platform or FPSO, to supply seabed operating units like compressors, pumps, valves, etc… Comments: Normally electricity and water do not fit too well together, so it may look strange to consider such […]
The Johan Sverdrup giant oil field is the largest oil field discovery in 2011 in the World and the fifth biggest ever in Norway. It is located 140 kM west of Stavanger and sitting by 110 M water depth and about 2000 m deep below the sea level. The Swedish Lundin and Statoil were exploring […]
