Askeladden Seeking its Fortune on Gullfaks
The new Cat J jackup rig Askeladden started drilling on the Gullfaks field on 26 March, with the goal of providing new production from old wells and exploring to create new value. Askeladden has been bought by the Gullfaks licence to carry out production and exploration drilling on Gullfaks Satellites. For several months the rig had to wait on weather, both on its way from the yard in South Korea and when it met the Norwegian winter weather. It arrived at the field on February 19th and on 5 March the legs were firmly placed on the seabed at its final location by the subsea template.
Askeladden seeking its fortune on Gullfaks
The new Cat J jackup rig Askeladden started drilling on the Gullfaks field on 26 March, with the goal of providing new production from old wells and exploring to create new value. Askeladden has been bought by the Gullfaks licence to carry out production and exploration drilling on Gullfaks Satellites. For several months the rig had to wait on weather, both on its way from the yard in South Korea and when it met the Norwegian winter weather. It arrived at the field on February 19 and on March 5 the legs were firmly placed on the seabed at its final location by the subsea template.
Statoil discovers gas in Valemon West
Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent. “This is an important discovery for the further development of Valemon,” says Gunnar Nakken, Statoil’s senior vice president for the operations west cluster, which covers the company’s Bergen-operated fields. "These new reserves can be put on stream immediately and will add considerable value. The discovery proves that there are still good opportunities in the North Sea, an area we know well, and its infrastructure is extensive," says Nakken.
30 years of Gullfaks oil - Statoil
Gullfaks was something of a final exam for Statoil – the first field where the company was both developer and operator. Since production started on 22 December 1986, 2.6 billion barrels of oil have passed the loading buoys. "Gullfaks is a prime example of the best that this industry has achieved in Norway," says Gunnar Nakken, senior vice president for the operations west cluster. He points out that Gullfaks also played a key role in Statoil's development as an operating company. The company learned a huge amount from the development…
Statoil Increases Share in Byrding Development
Statoil has agreed to acquire Wintershall Norge’s 25 percent interest in the Byrding project on the Norwegian Continental Shelf (NCS). On conclusion of this transaction Statoil will increase its interest from 45 percent to 70 percent. Byrding (PL090B) is an oil and gas discovery in the northern part of the North Sea and is operated by Statoil. It is near the Troll / Fram area which represents a focal point of Norway's oil and gas production. “Byrding is a low cost project that is profitable in the current oil price environment.
Statoil: Fram C East Starts Production to the Troll C Platform
A simple, smart concept and increased drilling efficiency have shaved some NOK 200 million ($24.3 mln) off the capital expenditures of this already resilient development project after the investment decision. The development helps maximize production from the Fram area, in addition to boosting Troll C production and activities. Fram C East is a long production well drilled from the existing Fram subsea template. Production will be tied back to Troll C, an important North Sea hub. Gas will be transported to Kollsnes via Troll A, whereas oil will be piped to Mongstad for further processing.
Statoil, Partners Submit PDO for Byrding
Statoil and its partners today submitted the Plan for Development and Operation of the Byrding oil and gas discovery in the North Sea to government authorities. Capital expenditures estimated at approximately NOK 1 billion, recoverable volumes are projected at approx. 11 million barrels of oil equivalent. “This is another example of a new discovery being realised through existing infrastructure,” says Torger Rød, Statoil’s senior vice president for project development. The Byrding development includes a duo-lateral well drilled from the existing Fram H-Nord subsea template through which oil and gas from Byrding will flow to Troll C.
Statoil: PDO for Oseberg Vestflanken 2 sanctioned
The Ministry of Petroleum and Energy has sanctioned the Plan for Development and Operation (PDO) of Oseberg Vestflanken 2. Reserves projected at 110 million barrels of oil equivalent the investments are estimated at NOK 8.2 billion (2015). The Oseberg Vestflanken 2 development consists of an unmanned wellhead platform with ten well slots. In addition two existing subsea wells will be reused. All wells will be remote-controlled from Oseberg field centre. “Oseberg Vestflanken 2 is a pioneer project of great strategic importance,” says Torger Rød, Statoil’s senior vice president for project management.
Statoil, Partner Submit PDO for Oseberg Vestflanken 2
Statoil and its partners submitted the plan for development and operation (PDO) of the North Sea Oseberg Vestflanken 2 to the authorities today, 18 December 2015. The development will provide in excess of 100 million barrels of oil equivalent. Statoil and its licence partners have decided to develop the Oseberg Vestflanken 2 covering the Alpha, Gamma and Kappa oil and gas structures. They are located around eight kilometres northwest of the Oseberg field centre. The Oseberg Vestflanken development will consist of an unmanned wellhead platform with 10 well slots. The wells will be remote-controlled from the Oseberg field centre.
