Fossekall/Dompap contract to Subsea 7

Press Release
Friday, May 06, 2011

Statoil has awarded Subsea 7 a contract for marine installations and pipe-laying in connection with development of the Fossekall/Dompap discoveries off the coast of Helgeland in northern Norway.

The contract value is around NOK 970 million without options and extra charges due to the weather.

Discovered one year ago, Fossekall will also make it possible to develop the earlier find Dompap.

Fast-track development

This is Statoil’s fifth fast-track development and the largest so far.

“With all of the contracts awarded, we can already start production at the end of 2012. We’re very happy about this,” says Ivar Aasheim, Statoil’s head of field development on the Norwegian continental shelf.

Statoil considers it vital to reduce the time from discovery to production.

“We are about to reach this goal,” says Aasheim. “This development will only take two and a half years, and thereby meets the fast-track principles.”

Subsea field
The Fossekall/Dompap development will comprise three subsea templates tied back to the Norne ship in the Norwegian Sea. The distance from the field to the Norne ship is around 26 kilometres.

Recoverable reserves in Fossekall/Dompap are estimated at around 100 million barrels of oil equivalent. The majority of this is oil.

“These additional volumes are important to Statoil, and they help extend the lifetime of the Norne ship,” says operations north cluster head Morten Loktu.

Partners: Statoil (64% and operator), Petoro (24.5%) and Eni (11.5%).

 

Source: http://www.statoil.com

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

Contracts

Diana Extends Containership Time Charters

Diana Containerships Inc. announced direct continuation of time charter agreements for m/v Cap Domingo and m/v Cap Doukato   Diana Containerships Inc., a global

BMT Supports Samalaju Port Development

BMT subsidiaries in the Asia-Pacific region have been awarded a contract to provide design expertise for an advanced bulk-material handling system for the emerging port of Samalaju in East Malaysia.

EU: Ships Will Measure CO2 Emissions

Shippers to begin monitoring from 2018; Environmental groups say law is weak, shippers favorable. The shipping sector will for the first time have to monitor

Offshore

Fourth Rig Delivered to Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Strategy Can Maximize UKCS potential

Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
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: 0.1684 sec (6 req/sec)