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

Contracts

TOTE Finalizes Charter for LNG Containerships

World’s first LNG powered containerships to serve Puerto Rico TOTE, Inc. announced an agreement today between its operating companies TOTE Shipholdings Inc.

Ahrenkiel Steamship Consolidates Entire Fleet at DNV GL

Ahrenkiel Steamship, the newly formed German ship management company, will consolidate its entire fleet at DNV GL. Nick Topham managing director of Ahrenkiel Steamship and Tor E.

Frontline & TI form new VLCC Company

Frontline Management (Bermuda) Ltd. and Tankers International LLC (TI) today announced the formation of a new company, VLCC Chartering Ltd ('the Company').

Offshore

Seismic Cooperation in Barents Sea Gives New Perspectives

Statoil and its partners have completed their joint seismic acquisition project in the south-eastern Barents Sea. New forms of cooperation have ensured resource-efficient acquisition.

Vallianz Acquires OER Holdings for $28m

Vallianz Holdings Limited, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has today announced that it is acquiring OER Holdings Pte.

Victaulic Debuts Delta-Y Assembly for Offshore

Victaulic  introduces the Style DLY Delta-Y assembly, a combination of preassembled Victaulic cast grooved fittings, rigid couplings and butterfly valves. The Delta-Y

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Repair Sonar 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: 0.1708 sec (6 req/sec)