Statoil Plans for Development of Skuld Field, Norway

Press Release
Tuesday, September 27, 2011
Image courtesy Statoil
Statoil and its partners have submitted a plan for development and operation of the Skuld field on the Halten Bank to the authorities. Norne operations vice president Anita A. Stenhaug, handed over the plan to Norwegian state secretary Per Rune Henriksen during a ceremony at Statoil's office in Harstad, Norway on 26 September. Recoverable reserves in Skuld are estimated at 90 million barrels of oil equivalents, mostly oil. Total investments are estimated at nearly NOK 10 billion (USD 1.7 bullion). Skuld will be implemented as a fast-track development and the field will be tied to the Norne production ship. This development brings the number of Statoil fast-track PDOs to five, with Skuld the largest fast-track development so far. The plan is to have all five in operation in late 2012/early 2013. In total, the fast-track developments are expected to produce nearly 90,000 barrels per day in 2014. Skuld will contribute more than half of this volume. Available material includes general views.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Petronas to Deliver LNG from FLNG in Q1 2016

The world's first floating liquefied natural gas (LNG) project, built by Petronas, is expected to supply its first cargoes in the first quarter of 2016, senior

‘Row around Singapore Island’ Takes off today

The epic endurance challenge that will see 32 volunteers rowing 140km non-stop around Singapore is starting in less than 24 hours. The project has raised a staggering $450,

Safety at VIKING Scales New Heights

A record-breaking offshore evacuation system is one of several highlights to be presented at the stand of leading marine and fire safety equipment and service

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Shipbuilding / Vessel Construction 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: 0.0884 sec (11 req/sec)