Statoil's NCS Installation Contracts for Beerenberg, Prezioso Linjebygg
Statoil has awarded two new, long-term contracts with estimated value of NOK 11 billion for insulation, scaffolding and surface treatment services to Beerenberg Corp AS and Prezioso Linjebygg AS. They will provide services to 20 of the company’s 29 installations on the Norwegian continental shelf (NCS) when the contracts take effect. Carried out on all installations on the NCS, as well as all onshore plants in Norway, these services have ripple effects in many parts of the country.
Statoil: New Compressor Means Heightened Production
The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent and extend the field’s lifetime with eight years. The compressor will help boost recovery rate and accelerate production on the Kvitebjørn field. The new compressor contributes to an increase in the recovery rate at the Kvitebjørn field from 55% to 70%. “These are very profitable barrels, which make a considerable contribution to wealth creation on the Norwegian continental shelf.
Statoil’s Fast-tracks Oil & Gas Production
Statoil’s fast-track development projects are increasing the company’s and partners’ oil and gas production through a combination of standardised subsea development solutions and utilisation of infrastructure in a manner which helps extend the lifetime of existing fields. Production start-up on Fram H-North and Svalin C marks the eighth and ninth fast-track development projects for Statoil. "Together with partners, authorities and suppliers we have been able to develop standardised technical solutions and methods of interaction that yield increased production from the Norwegian shelf…
Norway's Prince Officially Opens Peregrino
Norway’s Crown Prince Haakon officially opened the Statoil-operated Peregrino oil field offshore Brazil today in a ceremony aboard the floating production storage and offloading ship (FPSO). The event was attended by relevant authorities and international journalists. Crown Prince Haakon was accompanied by Norwegian petroleum and energy minister Ola Borten Moe, Statoil CEO Helge Lund, Norwegian ambassador to Brazil Turid Eusebio, and Brazilian mines and energy minister Edison Lobão. The guests were first led on a tour of the FPSO, followed by an official opening ceremony.