Statoil Commences Drilling Off Faroe Islands

Monday, July 09, 2001
Norwegian state-controlled energy company Statoil is to start drilling for oil off the North Atlantic Faroe Islands this week in the first test well on the Faroe shelf.

"The well will be spudded in the middle of the week by the drilling rig Sovereign Explorer, which is contracted by Statoil to drill the first exploration well on the Faroe shelf," the Faroe Islands Ministry of Petroleum said.

Sovereign Explorer was due to reach Faroese waters at the weekend and the positioning and anchor handling at the well site were expected to take four days.

The well on the so-called Longan prospect is located to the southeast of the Faroe Islands close to the British boundary. The work is scheduled to take two to three months.

In the first licensing round on the Faroe shelf, which was launched in February last year, the Faroese Ministry of Petroleum received 22 license applications from 17 oil companies. In August 2000, the ministry awarded seven offshore exploration licenses to 12 oil companies.

In addition to Statoil, BP and the Faroese Partnership, with U.S. Amerada Hess as operator, are also to drill off the Faroe Islands this summer.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Technip Samsung JV Wins 2 FLNG Project Contracts

The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broome,

Fjords Processing Bags Johan Sverdrup Contracts

Fjords Processing, headquartered in Norway (Fornebu), has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea.

Ocean Safety, Richard Irvin Marine Safety Merger

Ocean Safety has today announced the merger with Richard Irvin Energy Solutions Marine Safety Division and their Aberdeen branch.   This merger follows the

Energy

Oceans Can’t Take Any more: Researchers Fear Fundamental Change

Our oceans need an immediate and substantial reduction of anthropogenic greenhouse gas emissions. If that doesn’t happen, we could see far-reaching and largely

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

Technip Samsung JV Wins 2 FLNG Project Contracts

The Browse project covers the realization and installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin, 425 kilometers North of Broome,

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar Winch
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: 0.1174 sec (9 req/sec)