Statoil
Chevron to award FEED for Rosebank FPSO The Rosebank oil and gas field discovery is located on Blocks 213/26 and 213/27, in the Faroe-Shetland Channel, 130 km northwest of the Shetland Islands in 1,115 m of water depth on the Corona Ridge near the UK border. Rosebank is considered to be one of the biggest discoveries […]
Statoil and PetroFrontier signed deal on Southern Georgina Basin Statoil ASA (Statoil) from Norway and PetroFrontier Corp. (PetroFrontier) from Canada have signed a binding “Farm-in Agreement” to farm into shale gas PetroFrontier’s four exploration permits (EPs) and two exploration permit applications (EPAs) in the Southern Georgina Basin, Northern Territory, Australia. In this Farm-in-Agreement, Statoil will be the Farmor […]
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 […]
Statoil, ENI and Petoro expect more to come from Skrugard and Havis exploration The Skrugard and Havis fields are located 5 kilometers from each other at a vertical depth of 1740 meters below sea level at a water depth of 388 meters in the PL532 licence area which was awarded in 2009 in connection with the […]
Gas prices and high costs dictate to rethink Shtokman The foreseen capital expenditure for the Shtokman gas field development came up from first estimated $15 billion to $30-40 billion. This costs escalation is resulting from multiple factors including the combined target to produce 50/50 natural gas and LNG. This goal appeared to have a great impact on […]
Statoil, ExxonMobil and ConocoPhillips rename Luva project into Aasta Hansteen During the concept selection Statoil estimated the development capital expenditure in the Aasta Hansteen field (formerly named Luva) at some $5.6 billion (NOK 34 billion). With a total hull weight of 45,000 ton, a length of 193 meters and a draught of 170 meters, the Aasta […]
Definition SPAR is the acronym for Single Point Anchor Reservoir (SPAR). This descriptive definition refers to a floating system with infield flow lines and associated subsea infrastructure to connect the subsea production and injection wells. Comments From design perspective a SPAR is a cylindrical, partially submerged offshore drilling and production platform that is particularly well-adapted […]
Total lowers Carbon Footprint with Power from Shore Previously called Hild, the Martin Linge development belongs to Total E&P Norge AS (51%), the operator, Petoro AS (30%) and Statoil Petroleum AS (19%). End of March, the Norwegian Government approved the development plan for the Martin Linge oil and gas field. Total capital expenditure is estimated to $4.2 […]
