Statoil Fast Tracks Projects

Tuesday, March 16, 2010
Katla, one of the four projects to be given fast-track status, will be developed as a satellite of Oseberg Sør. (Photo: Helge Hansen)

“Our ambition on certain fields on the Norwegian continental shelf is to halve the time from discovery to production,” said Ståle Tungesvik, head of reserves and business development in Statoil.

Speeding up the development time is an important way of realizing Statoil’s objective of maintaining oil and gas production on the Norwegian continental shelf at the current level.  Three of four discoveries made since 2007 have been classified as small. Nine out of ten development candidates are likely to be developed with one seabed template and several wells.

“If we are going to be able to realize profitable developments such projects demand a different approach to that on major fields. By rationalizing time and resources and by using standard equipment, Statoil will reduce the norm time for simple developments from about five to two and a half years,” said Tungesvik.

The goal is to reduce development costs for the projects in question by 20-40% compared with current levels. Statoil has identified four projects to be given fast-track status. The four projects contain recoverable reserves that have been estimated at more than 140 million boe.

•    Katla – to be developed as a satellite of Oseberg Sør. Expected production start-up at the end of 2012.
•    Vigdis Nordøst – to be developed as a satellite of Snorre. Expected production start-up in 2012.
•    Gygrid – to be developed as a satellite of Draugen or Njord. Expected production start-up in 2012/2013.
•    Pan/ Pandora – to be developed as a satellite of Visund or Gullfaks. Expected production start-up in 2012.

The new methodology involves a greater degree of standardisation in the way the company develops fields and Statoil will now establish a catalogue listing the standard equipment to be used.
 

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

Offshore

Statoil: New Oil in the Grane Area

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader,

Offshore Oil: Lamprell Completes Caspian Sea Drilling Unit

UAE-based Lamprell said that it completed construction of the second Caspian Sea jackup drilling rig, Mercury, for service in the Caspian Sea.   "I am delighted

Long Beach Port Honors OOCL Executive

Andrew Tung, CEO and Managing Director of Orient Overseas Container Line, was presented today with the prestigious “Port Pilot Award” by the Long Beach Board of Harbor Commissioners.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction
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: 0.1432 sec (7 req/sec)