Aker BP Brings Norwegian Sea Project Online 3 Years Early
Norwegian oil firm Aker BP has started production from the first Ærfugl phase 2 well in the Norwegian Sea, which is, according to the company, three years ahead of the original plan. The Ærfugl field produces via Skarv FPSO approximately 210 km west of Sandnessjøen. According to the operator, it is one of the most profitable development projects on the Norwegian shelf with a break-even price of around USD 15 per barrel (converted from gas). "The Ærfugl field development is adding…
Construction Begins on Johan Sverdrup Riser platform
The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea. Project director for Johan Sverdrup Kjetel Digre (from right), project manager for the riser platform and the processing platform Ståle Nordal and head of Samsung Heavy Industries’ offshore division Younsang Won led the formal celebration of the construction start in South Korea 30 June. “As we are starting the riser platform construction we are taking another important step in delivering the Johan Sverdrup project on schedule,” says project director for Johan Sverdrup Kjetel Digre. The preparations for the riser platform construction started already in January 2015…
Statoil: $32.5 bln for Sverdrup Startup
Development of field could cost up to $32.5 bln; cost estimate higher than analyst forecasts. Sverdrup scheduled to start up in late 2019. Statoil's giant Johan Sverdrup oil field could cost as much as $32.5 billion, the company said in its first full estimate of the price tag to develop Norway's most expensive ever industrial project. Discovered in 2010, Sverdup is the biggest North Sea find in decades, reinvigorating Norway's oil sector where production has been declining for more than a decade. At maximum, its production would equal nearly half of Norway's current oil output. The hefty cost topped what analysts had expected, leading them to slightly downgrade the value of the project.
Gjøa Platform on Its Way Home
After a period of development lasting five years, the Gjøa field is approaching start-up. On Sunday 13 June the field tow commenced of one the most modern platforms built in Norway. It was quite a milestone when the Gjøa platform was towed out into the fjord off Aker Solutions Stord shipyard. “It feels incredibly good to finally send the platform out to the field. Many millions of work-hours lie behind this milestone,” acknowledged Statoil’s vice president for the Gjøa field development, Kjetel Digre.
