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 November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

China, Vietnam to Address Maritime Disputes

Senior Chinese and Vietnamese officials have agreed to settle their maritime disputes without resorting to "megaphone diplomacy", the official Xinhua news service said on Saturday.

Expanding Operations Demand Robust Fleet Management Solution

As technology needs penetrate the growing offshore sector, Harvey Gulf will depend on Advanced Logistics’ software to support its expanding fleet deployments. When

Yamal, the Future of Russian Gas Industry

Yamal is seen as the future of the Russian gas industry Development of an unparalleled gas production center is well underway in Yamal, in harsh Arctic latitudes.

Energy

Russia to Supply Coal, Electricity to Ukraine

Russia has agreed on a new deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to a separatist conflict in the industrial east,

China, Vietnam to Address Maritime Disputes

Senior Chinese and Vietnamese officials have agreed to settle their maritime disputes without resorting to "megaphone diplomacy", the official Xinhua news service said on Saturday.

Pemex Output Steady in November, Exports Up

Mexico's state-run oil company Pemex said on Friday its crude oil production held steady in November from the previous month at 2.363 million barrels per day (bpd),

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1032 sec (10 req/sec)