Norwegian operator Statoil has made a gas discovery in the Snefrid Nord prospect in the Norwegian Sea. The discovery well 6706/12-2 was drilled by Transocean Spitsbergen and proved a 105-metre gas column in the Nise Formation. Statoil has estimated the volumes discovered to be in the range of 31-57million barrels of oil equivalent.
Technology giant ABB has won a $155million contract from Statoil to power the first phase of the Johan Sverdrup field development. The company was awarded the deal for land-based power supply to phase 1 of the North Sea field operations. The Johan Sverdrup oil field will be operated by land-based power supply and during its first phase of development, a system will be established for supplying power from shore to production start in 2019.
Energy service giant Wood Group has been awarded a contract by Statoil, on behalf of Gassco, for engineering modifications and upgrades to its Kollsnes gas plant, west of Bergen, Norway. The estimated value of the contract, including options and procurement, is more than £41million.
Claxton Engineering Services has been awarded a contract with Statoil to supply conductor and internal centralizers to a minimum of 14 wells on the Gina Krog development offshore of Norway. First delivery under the deal, which was for an undisclosed sum, is scheduled for March 2015.
Norwegian oil giant Statil has awarded a contract to Sentinel Marine to provide a new multi-role Emergency Response and Rescue Vessel (ERRV) to support operations on the Mariner field on the UK Continental Shelf (UKCS). Sentinel Marine is an Aberdeen-based company, owning and operating offshore support vessels in the oil and gas marine industry.
Months of hard science by budding young students at an Aberdeen school came to an end yesterday when they presented their projects at TechFest last week. TechFest's Heroes of Tomorrow event, sponsored by Statoil, had pupils from S1 to S6 giving short presentations to their families and peers on science, technology, engineering and mathematics (STEM).
Statoil is preparing to drill two UKCS wells in the Spring . . . one in the Catcher area of the Central North Sea and the other in the Northern North Sea immediately to the west of the company’s Mariner field. The Catcher prospect, known as Wall, is a sizeable target which, if the pre-drill estimate is achieved, could be the herald of a standalone development. The Mariner area prospect is known as Boatswain and could add around 40million barrels of recoverable oil (median case), so enhancing the economics of the current Mariner development. Moreover, it could open up a fairway to the west and offer the potential for further reserves upgrades.
One of Norway's biggest oil and gas companies has submitted plans for the second phase of their Brazilian offshore project. Statoil, in partnership with Sinochem, submitted a plan of development to the South American's country's National Agency of Petroleum, Natural Gas and Biofuels (ANP) in Rio de Janeiro on January 30.
Statoil has awarded the contracts for supply base and warehousing services for the Mariner field to Asco UK. The base and warehousing facility for Mariner will be operated by Asco from Peterhead, north of Aberdeen. The scope of the contract awarded includes the provision of supply base services, including personnel, local transportation, marine gas oil, quayside services and a nearby warehousing facility. Asco will carry out the services for the Mariner field under two five year contracts, anticipated to start during the first quarter of 2016. The contracts also include a pair of two year extension options.
Statoil's Gunnar Breivik sounds confident as he makes the firm statement. But more than being confident, the managing director for Statoil Production UK is comfortable with the commitment. And rightly so. As the North Sea celebrates its 50th year, a fresh new generation of explorers has emerged eager to carry the torch for innovation. Statoil is at the forefront of the pack. Statoil has historically dominated the E&P scene on the North Sea's Norwegian divide. But the Norwegian giant is now looking to balance its board.
Statoil has started production from its Oseberg Delta 2 field in Norway. It is the tenth project in the company’s fast-track portfolio to be completed, with the total investment coming to slightly less than NOK7 billion. The field, which is tied back to the Oseberg field centre, has been developed using two subsea templates with capacity for a total of eight wells.
Statoil has been granted a drilling permit for well 6706/12-2 in the Norwegian North Sea by the Norwegian Petroleum Directorate (NPD). The well will be drilled from the Transocean Spitsbergen drilling facility. The drilling programme for well 6706/12-2 concerns the drilling of a wildcat well in production licence 218.
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 centre and three concept studies have been made. It will have no living quarters, helicopter deck or lifeboats.
Statoil has found more resources in the Krafla area of the North Sea in Norwegian waters . The company, along with PL035 partners, said the main Tarbert appraisal well and the small oil discovery in the Krafla North prospect in December has increased the “robustness” of the field development project. Statoil has completed a two-well programme in the Krafla area which is located 25kilometres southwest of Oseberg South in the North Sea.
Statoil ASA deepened cost cuts and halted dividend growth as Norway’s biggest energy company struggles to withstand a plunge in oil prices. The company will raise spending cuts by 30% to $1.7 billion from 2016 and lower capital expenditure to $18 billion this year from earlier targeting $20 billion, the Stavanger-based company said. Statoil reported fourth-quarter net operating income of $1.2 billion, down from 43.9 billion kroner a year earlier. That missed an estimate of 26.3 billion kroner in a survey of analysts.
Statoil has appointed Eldar Saetre as its new chief executive following the departure of Helge Lund to BG Group last year. Mr Saetre has been acting as chief executive and president of the Norwegian company since last October. Statoil said his annual fixed salary will be 7.7 million NOK and Mr Saetre will participate in Statoil’s programs for annual variable pay and long term incentives, as previously established for the chief executive position.
GE Oil and Gas are set to collaborate on more environmentally and cost efficient energy solutions. The companies said the joint technology focused programme would be aimed at driving an industrial response to some of the challenges facing global oil production including flaring, CO2 and methane emissions. It will focus on creating the right format for oil and shale gas production while reducing emissions.
Statoil will sign an engineering contract with Aker Solutions worth NOK 4.5billion for the Johan Sverdrup development. The company said the agreement includes engineering and procurement management for the riser and processing platform topsides for phase one of the field, in addition to hook-up work and gangways for the entire field. Aker Solution has so far been responsible for the front-end engineering of all four platforms which constitute the field centre.
Statoil has been awarded interest in 15 licences on the Norwegian Continental Shelf (NCS). The awards were given in the 23rd licensing round by the government, and include eight as operator. The Awards in Predefined Areas (APAs) include 80% ownership and operatorship in PL783 and 20% ownership in PL782S west of Balder, and 50% ownership in PL803 - a new licence in the Tromsø basin.
Norwegian oil giant Statoil has awarded the management contract for the floating storage unit (FSU) for its £4billion-plus Mariner project in the UK North Sea to offshore service firm OSM Offshore Aberdeen. The value of the contract, which starts on February 1 and will last for five years, with three further option periods of two years each, was undisclosed. However, industry sources said it was a “significant”.
Statoil has been given consent from Norway's Petroleum Safety Authority (PSA) to drill an exploration well named Knappen in the North Sea. The company is the operator for exploration licences PL 072 D in block 16/7 in the Central North Sea.
Statoil has flown home more than 100 workers from seven installations in the North Sea. The company said the measure had been taken as a precaution due to "limitations" to lifeboats on board. The staff are expected to resume work this weekend and will be flown back out to work.
Statoil has revealed its ambition to extend the life of the Norne field to 2030. The field, which came on stream in 1997, was due to shut down last year having produced some 700 million barrels of oil equivalent. The recovery factor for the main Norne field today is 56.5% – a top result worldwide for production from subsea fields.
The Secretary of State for Scotland will discuss the impact of falling oil prices on a visit to Aberdeen to meet staff from Norwegian oil company Statoil. Alistair Carmichael said visiting the North East was a “high priority” during what he described as a “challenging time” for the sector. His visit comes after Prime Minister David Cameron pledged to support the North Sea oil and gas industry.
Statoil has awarded a number of service contracts for seven of its bases in Norway worth an estimated NOK 5 billion. The company said contracts have been given to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. The agreements include terminal and warehouse services as well as storage and pipeline handling.