Norwegian Continental Shelf (NCS)
Skrugard and Havis confirm Barents Sea potential Statoil and its partners ENI from Italy and Petoro AS (Petoro), the Norway State-owned company, discovered in Skrugard and Havis reserves going far beyond their expectations. Under the license PL 532, Statoil and its partner share working interests in Skrugard and Havis as following: – Statoil 50% and […]
Definition Petoro AS is a Norway State wholly-owned company in charge of the Norwegian Continental Shelf (NCS) oil and gas assets management Comments Petoro AS (Petoro) is the licensee of the Norwegian State’s Direct Financial Interests (SDFI) representing the assets of the NCS, while Norway as a State is the owner of these assets. Petoro […]
Definition Continental Shelf (CS) refers to the part of the seabed sloping gently between the coast and the deep ocean. Geographically and legally the definition of the Continental Shelf is different from the Exclusive Economic Zone (EEZ) Comments The Continental Shelf is the sub-sea extension of the continent where the waters are still shallow, between 150 […]
OMV to replace ExxonMobil in Aasta Hansteen partnership with Statoil and ConocoPhillips Aasta Hansteen field was previously named Luva and is one of the largest field in the Norwegian Continental Shelf (NCS) with a development planned to cost some $5.6 billion (NOK 34 billion) of capital expenditure. Aasta Hansteen is the start of deepwater development in the Norwegian Sea and […]
Statoil, Petoro and Exxon to tie-back Svalin to Grane Svalin is made of two fields, Svalin M which was discovered in 2008 and Svalin C which was discovered in 1992. Svalin is located in Block 25/11 in the North Sea, between the Grane and Balder fields, about six kilometers south-west of the Grane platform at […]
Statoil validated concept for $4 billion Dagny and Eirin oil and gas fields development Partners and actual interests in Dagny are split between: – Statoil 58.5% – ExxonMobil 33% – Total 6.5% – Det norske oljeselskap 2%. The final distribution of ownership interests will be subject to negotiations in the period leading up to […]
