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.
Statoil to Unveil Development Plans in 2016
Oil major Statoil will present development plans for its Trestakk and Alfa Central fields next year, the company's field development chief for Norway said on Monday. "We'll have two development plans next year," Ivar Aasheim told Reuters on the sidelines of a conference. Trestakk will be submitted for approval by Norwegian authorities in the spring of 2016 while Alfa will come sometime during the year, he said. Statoil plans to select concepts for its Arctic Castberg discovery and the Snorre 2040 extension project next autumn and to make investment decisions for both in 2017, he added.
Plan Submitted for Gullfaks Area Development
Statoil and its partners have submitted an amendment to the Plan for Development and Operations (PDO) for the Gullfaks licence to the Ministry of Petroleum and Energy for phase 1 of the Shetland/Lista development. Phase 1 of the development is expected to add 18 million barrels of oil equivalent, and will help increase the resilience of the area for continued operation of the Gullfaks platforms in the North Sea. “Targeted efforts are underway to cut costs and increase the profitability of our projects.
Statoil: Johan Castberg, Snorre 2040 Timelines Changed
The licensees in the Johan Castberg and Snorre 2040 licences have decided to spend more time on the projects. “Castberg and Snorre 2040 are two major and important projects in our portfolio, and it is important that we find sound and robust development solutions for them,” says Ivar Aasheim, Statoil’s senior vice president for field development on the NCS. Statoil and its partners have put in an extensive effort to develop cost-effective solutions for the projects. “We see that our efforts have yielded results…
New Timeline for Johan Castberg, Snorre 2040
The licensees in the Johan Castberg and Snorre 2040 licences have decided to spend more time on the projects. “Castberg and Snorre 2040 are two major and important projects in our portfolio, and it is important that we find sound and robust development solutions for them,” says Ivar Aasheim, Statoil’s senior vice president for field development on the NCS. Statoil and its partners have put in an extensive effort to develop cost-effective solutions for the projects. “We see that our efforts have yielded results…
Unmanned Wellhead Chosen for Oseberg Future Development
An unmanned wellhead platform has been chosen by Statoil and its license partners as the concept for the Oseberg Future development phase I project in the North Sea. The platform will be controlled from the Oseberg field center. The investment decision is expected next winter, Statoil said. Three various concept studies have been made for an unmanned wellhead platform. This platform has no living quarters, helicopter deck or lifeboats. Anders Opedal, senior vice president of projects in Statoil…
Statoil, Partners Choose Oseberg Unmanned Wellhead Platform Concept
Statoil and its licence partners have chosen an unmanned wellhead platform as the concept for the Oseberg Future development phase I project in the North Sea. The platform will be controlled from the Oseberg field center. The investment decision is expected next winter. Three various concept studies have been made for an unmanned wellhead platform. This platform has no living quarters, helicopter deck or lifeboats. “The alternative was to place the wells on the seabed, but the costs of subsea wells have been tripled during the last decade.
Statoil Submits Plan for Gullfaks Rimfaks Valley
Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million barrels of oil equivalent, the development will extend the lifetime of the Gullfaks A platform. The plan for development and operation (PDO) was submitted to the authorities today, December 16. “We are pleased about the investment decision we have made that will extend the period of profitable production on the Gullfaks A platform.
Statoil to Drill Despite Falling Oil Price
Firm looking to approve 3-5 fast-track projects in the years ahead. Norwegian energy group Statoil ASA will keep exploration drilling high in 2015 and plans to approve a new project this year, even as oil prices trade at four-year lows, its field development chief for Norway said. Statoil expects to give the final go ahead for a smaller, fast-track development before Christmas and sees three to five fast-track projects in coming years, with a further investment decision in 2015, Ivar Aasheim said on Wednesday.
Statoil’s Fast-tracks Oil & Gas Production
Statoil’s fast-track development projects are increasing the company’s and partners’ oil and gas production through a combination of standardised subsea development solutions and utilisation of infrastructure in a manner which helps extend the lifetime of existing fields. Production start-up on Fram H-North and Svalin C marks the eighth and ninth fast-track development projects for Statoil. "Together with partners, authorities and suppliers we have been able to develop standardised technical solutions and methods of interaction that yield increased production from the Norwegian shelf…
Statoil Likely to Pick Floating Facility for Big Arctic Field
Statoil is more likely to develop the $15.5 billion Johan Castberg field in the Arctic using a floating production storage and offloading (FPSO) installation than via an oil terminal on land, a senior company executive said on Thursday. Last year the oil firm suspended the development of its flagship Arctic project due to cost inflation and a tax hike. Finding more resources was key to making the project economically viable but earlier this month the firm said the results of the latest and final, round of drilling were disappointing.
