Norway Govt Approves Tyrihans Project

Friday, February 17, 2006
Statoil ASA said the Norwegian Parliament has approved the development plan for the Tyrihans offshore oil and gas field. The $2.1 million project will see production begin in 2009, and hold estimated reserves of 182 million barrels of oil and condensate, and 34.8 billion cubic meters of natural gas. Statoil is the operator of the Tyrihans project, with a 46.8 percent stake. Other partners include Total, who will hold 21.51 percent following the sale of a 5 percent stake in the field to ExxonMobil, expected to be completed soon. ExxonMobil will then hold an 11.75 percent stake. Norsk Hydro ASA holds 12 percent, and Eni SpA has a 7.9 percent stake. Separately, Total said the initial plateau production at the Tyrihans field should reach 70,000 barrels of oil equivalent per day in 2011. (Source: Forbes)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Striking Port Workers Protest Greek Port Sales

Greek port workers walked off the job for a sixth day on Tuesday and marched through central Athens to protest the state-sanctioned selloff of the country's two largest ports,

China to "Pressure" U.S. on Maritime Issues

China will "pressure" the United States on maritime issues at talks in Beijing next week because of Chinese concern about an increased U.S. military presence in the disputed South China Sea,

Offshore

EU Ships in Libyan Waters Would Undermine Tripoli Govt

The U.N.-backed government in Libya has not invited European ships into its territorial waters to help stop people smuggling because this could harm efforts to

Mothballed Vessels SE Asia Reflect Oil Slump Pain

Around 1,300 offshore support vessels lying idle worldwide. Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of

Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding

Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million.   It has also reached

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0714 sec (14 req/sec)