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Friday, December 14, 2018

Norwegian Petroleum Directorate News

ESVAGT Eyes Arctic Opportunities

Esvagt Aurora (Photo: ESVAGT)

Offshore vessel owner ESVAGT says it has set its sights on growth opportunities in Arctic regions where an uptick in oil and gas production is expected in coming years. In the Barents Sea, for example, the Norwegian Petroleum Directorate as recently as 2017 updated its evaluation of the area’s oil and gas reserves to over 17 billion barrels, a doubling compared to prior estimates.ESVAGT says it possesses the particular skillset and assets required for operations in the Arctic."It is on many levels challenging to work in the Arctic regions…

Equinor Energy Strikes Gas in Barents Sea

Image: Equinor Energy

Norwegian multinational energy company Equinor Energy has made discovery containing up to 24billion cubic feet of gas in the Barents Sea. Two exploration targets were found, with the first containing between 10 and 20billion cubic feet, the other between one and four billion.The discovery’s profitability is currently unclear, said a statement from the Norwegian Petroleum Directorate (NPD)."Equinor Energy AS has completed the drilling of wildcat well  about 15 kilometres northwest of discovery well (Atlantis) and 370 kilometres north of Hammerfest.

Norwegian Oil, Gas Plants Restart after Ship Collision

Sture Terminal (Photo: Equinor)

An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields.The frigate, which recently took part in a major NATO military exercise, was aground and tilting on one side, live television pictures showed. The Norwegian military was attempting to save the ship."We are working on stabilizing the vessel…

Lundin Petroleum Says Arctic Oil Test Points to Bigger Reservoir

(Photo: Lundin Petroleum)

Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms, but Alta is among the exceptions along with ENI's Goliat field and Equinor's Johan Castberg discovery.Lundin and its partners are considering developing the discovery as a subsea field connected to a floating production and storage vessel…

Aker BP Adds More Acreage off Norway

(Photo: Aker BP)

Norway's independent oil firm Aker BP has agreed to buy stakes in 11 production licenses off Norway from French Total for a cash consideration of $205 million, the company said on Tuesday.The portfolio includes four discoveries with net recoverable resources of 83 million barrels oil equivalents based on estimates from the Norwegian Petroleum Directorate (NPD), it added."With this transaction, we get access to new tie-back opportunities in the Alvheim and Skarv areas, we strengthen our resource base in the NOAKA area, and we increase our interest in exploration acreage near the Ula field," Ake

Oil Exploration Is Ramping Up Off Norway

Photo: Ole Jørgen Bratland / © Equinor

Oil firms are expected to drill 40-50 exploration wells off Norway this year compared to 36 wells drilled the previous year, the Norwegian Petroleum Directorate said on Thursday.The Norwegian continental shelf still held an estimated 4 billion cubic meters (25.2 billion barrels) of oil equivalents in undiscovered petroleum resources, with two-thirds located in the Arctic Barents Sea, it added.Half of estimated undiscovered resources in the Barents Sea, however, are located north of the areas opened for petroleum activities, and it's unclear when oil firms can get access to them.(Reporting by N

Norway: We Must Prepare for Arctic Oil Race with Russia

© ggw / Adobe Stock

Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region, energy minister Terje Soeviknes said on Wednesday. The two countries agreed in 2010 to split previously disputed areas of the Barents Sea between them, allowing each to exploit resources hidden beneath the seabed. An increase in drilling activity on the Russian side of the border should lead Norway to push its own agenda, the minister said. "We need to start the discussion about what to do in the far north.

Statoil Set to Drill Its Biggest Arctic Hope

File photo: Jamie Baikie / Statoil

Norway's Statoil will soon start drilling this season's most promising Arctic prospect, Korpfjell, after several disappointing wells in the Barents Sea, the company said on Monday. The majority state-owned company has stepped up drilling in the Barents Sea this year as the government seeks to attract more explorers to its Arctic waters to make up for declining North Sea output. The Norwegian Petroleum Directorate said on Monday Statoil's latest well in the Barents Sea, Gemini North, had found only minor volumes of gas and oil.

Lundin Petroleum Finds More Oil in Norway's Arctic

Sweden's Lundin Petroleum has found additional oil and gas near its Alta discovery in the Norwegian Arctic, the firm and the Norwegian Petroleum Directorate said on Tuesday.   "The total gross resource estimate for the Neiden discovery is between 25 and 60 million barrels of oil equivalents," Lundin Petroleum said in a statement.   Lundin is the operator of the well and has a 40-percent stake. Its partners are Japan's Idemitsu and DEA, the oil firm controlled by Russian billionaire Mikhail Fridman, who have stakes of 30 percent, respectively. (Reporting by Gwladys Fouche, editing by Terje Solsvik)

Oil Spill Statfjord North Sea Field - Statoil

Loading of tankers suspended, unclear when it will resume. Oil spilled into the North Sea during the loading of a tanker at Norway's Statfjord field on Thursday, operator Statoil said. The leak occurred at 0630 GMT during the loading of oil to a tanker from the Statfjord A platform via a loading buoy, Statoil said. Production at the platform was proceeding as normal, but loading of tankers has been suspended and it is unclear when it will resume, it added. "We are currently focusing on determining the cause of the leak and how much oil leaked," a spokesman told Reuters. "The leak has been located ... The Norwegian oil safety regulator was unable to provide further details. The Statfjord A platform can store up to 1.3 million barrels of oil.

COSL Takes Delivery of New Semisub

COSL’s deepwater semi-submersible drilling rig COSL Prospector delivered

China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today. This rig has adopted the latest marine engineering design concepts in the world and has mets the world’s most stringent regulations and requirements. It can perform operations in hectic environments. COSLProspector has adopted the world’s most advanced energy management and environment-friendly design concepts and is equipped with numerous advanced technologies including DP3 closed loop…

Statoil Makes Gas Find in Arctic

Norwegian oil firm Statoil has made a small gas discovery in the Arctic, near its Johan Castberg oil discovery, the Norwegian Petroleum Directorate said on Friday. The find contains between 1 and 2 billion standard cubic metres of recoverable gas, it said. Statoil's partners are Eni of Italy and Norwegian state-owned firm Petoro. Reporting by Gwladys Fouche

Too Eager to Drill for Arctic Oil - Greenpeace

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Greenpeace's ship, the Esperanza, is still on station in the Arctic to expose renewed Norwegian efforts to drill for oil in this pristine environment. Last week Greenpeace successfully headed off attempts by an oil company to complete controversial seismic testing, commissioned by the Norwegian Petroleum Directorate in the absence of any political discussion, by revealing it in prime time TV news. Norwegian oil interests are persistent but Greenpeace say that they are determined to stop them.

Collision Halts Statoil Oseberg Platform Production

Photo: Statoil Oseberg operations

Statoil shut its oil platform at the Oseberg East field offshore Norway after a collision with a supply vessel but production was expected to restart later the same day, a spokesman said. The collision took place at 0140 CET (1140 GMT on Wednesday), forcing a shutdown and preparations to evacuate workers. The situation was normalized a few hours later, and the inspection showed small damage on the platform. "The production was stopped, but we are preparing to restart it later today," said Lars Kindingstad, a spokesman for Statoil.

More Norway Oil Projects Being Delayed

Oil firms are purposefully delaying the development of oil and gas fields off Norway, the head of the agency tasked with managing the country's oil and gas resources told Reuters on Thursday. The Norwegian Petroleum Directorate was expecting some 13 development projects to be submitted by energy firms to Norwegian authorities this year and the next, but none have so far been submitted. "Our impression is that there is an increased number of oil projects that are being delayed," Bente Nyland, the head of the NPD, told Reuters on the margins of a news conference. "We see that they are being moved by a few weeks or by a quarter, or even longer ...

"Soil Shift" Shuts Down Statoil Snorre B Platform

Snorre B - Photo Harald Pettersen - Statoil.jpg

Statoil shut oil production at its Snorre B platform in the North Sea and evacuated a quarter of the personnel there after detecting a soil shift under a drilling template and then oil leak, the company said on Monday. The Snorre field in the northern part of the North Sea is Norway's fourth-biggest oil producer with output averaging 88,000 barrels of oil per day in 2013, data from Norwegian Petroleum Directorate (NPD) showed. The field has two production platforms but Statoil declined to provide a breakdown between Snorre B and Snorre A, which is operating normally.

Offshore O&G: Cuts, Delays in Norway as Costs Soar

Home: http://www.npd.no/en/Publications/Facts/Facts-2012/Preface1/

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Thursday. Most vulnerable will be small fields, projects to increase the recovery from producing assets, and new finds further than 40 km from existing infrastructure, Nyland told Reuters. Oil firms are cutting back on capital spending across the world as years of cost inflation has squeezed margins, cutting back their ability to pay dividends.

Norway's Oil Sector May Face More Project Cuts, Delays

Credit: Harald Pettersen - Statoil

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off, Bente Nyland, the head of the Norwegian Petroleum Directorate said on Thursday. Most vulnerable will be small fields, projects to increase the recovery from producing assets, and new finds further than 40 km from existing infrastructure, Nyland told Reuters. Oil firms are cutting back on capital spending across the world as years of cost inflation has squeezed margins, cutting back their ability to pay dividends.

GDF drills dry well in Arctic Barents Sea

French explorer GDF Suez drilled a dry well in the Arctic Barents Sea about 65 kilometers southwest of the Johan Castberg fields, the Norwegian Petroleum Directorate said on Thursday. GDF holds 60 percent of the license, while Concedo and OMV each hold 20 percent.   Reporting by Balazs Koranyi

Statoil drills dry well in North Sea -oil directorate

Norway's Statoil has drilled a dry well in the North Sea, the Norwegian Petroleum Directorate said on Monday. The well was drilled in production license 248 C some 5 kilometres from the Fram field. Statoil has a 60-percent stake in the license, while state-owned firm Petoro has the remaining 40 percent.   Reporting by Gwladys Fouche

Norway Confirms Small Arctic Oil Find

Norwegian oil explorer Det norske made a small oil discovery in the Arctic Barents Sea with a gross oil column of about 30 metres and much poorer reservoir quality than expected, the Norwegian Petroleum Directorate said on Monday. Det norske earlier said it found some oil in the prospect but initial volumes did not justify development. Det norske operates the licence and holds a 20 percent stake. Other shareholders include Sweden's Lundin Petroleum (20 percent), Tullow (15 percent), Rocksource (5 percent), Norwegian state holding firm Petoro (30 percent) and Atlantic Petroleum (10 percent).

More Arctic Norwegian Shelf Resources Mapped

Comparison of 2011/2012 Seismic Data

The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen shows 15% increase. The increase will result in an approximate increase of 15 per cent in the estimates of undiscovered resources on the Norwegian shelf which corresponds to about 390 million standard cubic metres (Sm3) of oil equivalents (o.e.). The mapping of these petroleum resources is a step in the authorities’ process to open these areas for petroleum activity.

GlobalSantaFe New-build Rigs Provide Model for Requirements

Technical advances in the offshore industry and regulatory developments have spurred an update of the ABS Guide for Certification of Drilling Systems. First published in 1985 and last updated in 1990, the Guide references current standards and the recommendations of American Petroleum Institute (API). Importantly, the new Guide provides industry with an option for a “Safety Case” or risk-based analysis approach to certification, rather than applying the more traditional prescriptive rules reflected in the 1990 version of the Guide, says Merih Unuvar, ABS project leader and principal surveyor. “We’re offering drilling unit owners and builders a more streamlined approach to ABS classification, with the option of certifying the drilling system,” said Unuvar.

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