Statoil Makes Gullfaks Discovery

MarineLink.com
Friday, April 19, 2013

Statoil and partner Petoro have proven additional resources in the Shetland Group/Lista Formation in the Gullfaks license.

The Shetland Group and the Lista Formation are younger and slightly shallower deposits with different properties compared to the deposits of the Brent Group where the Gullfaks main reservoirs are located.

Indications of hydrocarbons in the Shetland Group/Lista Formation in the Gullfaks license have been known for a long time, but they have not yet been developed due to poor reservoir qualities. A new well test in this interval however indicates good flow rates.

"The discovery provides new volumes that can give high-value production in a short time as well as new and promising perspectives for the field and the installations," said Øystein Michelsen, executive vice president for Development and Production Norway. "This is a result of Statoil's strategy for revitalization of the Norwegian continental shelf."

Production well 34/10-A-8 on the Gullfaks A platform, where the well test is carried out, currently provides a high and stable production of 7500 barrels/day. The well has produced nearly 1 million barrels since December 2012.

Preliminary calculations based on interpretation, modeling, formation testing and sampling in the relevant interval indicate that the discovery contains in the range of 40-150 million recoverable barrels of oil equivalents. However, this resource estimate involves a high degree of uncertainty. Our models indicate further upside potential, data gathering and studies are currently ongoing to clarify the potential and further development of these resources.

Located in the Tampen area in the northern North Sea, Gullfaks came on stream on December 22, 1986. The field development consists of three permanent installations, which have produced more than 2.4 billion barrels of oil and more than 56 billion cubic meters of gas.

The licensees of the Gullfaks Field are Statoil as operator with 70% and partner Petoro with 30%.
 

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

Energy

Scandlines Orders Ferry Battery System

Corvus Energy announces the signing of marine Energy Storage System (ESS) contract with Scandlines Denmark ApS; world’s largest battery hybrid electric fleet orders additional 2.

Philippine, Vietnamese Troops Together on Disputed Island

Vietnamese and Philippine troops played soccer and sang karaoke on a South China Sea island on Wednesday in a sign of the growing security ties between the two

New MD for Glander Int'l Bunkering (India)

Glander International Bunkering is proud to announce that Ajay Menon has been appointed as the Managing Director of Glander International Bunkering (India) Private Limited.

News

CMA-CGM to Call Port of Baltimore

International container shipping company CMA-CGM of France announced that it will begin service within the next couple of weeks to the Helen Delich Bentley Port of Baltimore.

Somaliland to Pick Berbera Port Partner by End of Year

Somaliland expects to choose a partner to develop and manage its Berbera port by the end of the year, with construction expected to start early next year, the breakaway

Hapag-Lloyd Expands Feeder Network in Scandinavia

Baltic Express Service (BAX) to include Oslo / Two weekly departures from Gothenburg and Helsingborg in SDX and GTE / Connection via Hamburg and Bremerhaven to

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.3275 sec (3 req/sec)