Statoil secures rig for Gjøa project

By OGJ editors
HOUSTON, Dec. 27 -- Statoil ASA, development operator of Gjøa oil and gas field off western Norway, has signed a 3-year contract with Transocean Offshore for the Transocean Searcher semisubmersible.

The $427 million contract allows for the drilling of 13 production wells, with options for an additional three, at the North Sea field. Drilling is planned to begin in October 2008.

Lying on Blocks 35/9 and 36/7 in 380 m of water, Gjøa is scheduled to come on stream in 2010 at which time Gaz de France will become operator with a 30% stake.

The field, proved in 1989, has estimated reserves of 40 billion cu m of gas and 83 million bbl of oil and condensate.

Statoil recently signed an agreement for the construction of the semisubmersible production platform deck and supply of subsea installations for Gjøa (OGJ Online, Dec. 6, 2006). The next major contract will be for building the platform's jacket, Statoil said.

Total investment for the Gjøa project is estimated at 27 billion kroner.

Related Articles

Sinopec reveals Fuling field production capacity goals

03/25/2014 Sinopec plans to develop Fuling shale gas field in southwestern China to a production capacity of 10 billion cu m (bcm)/year by 2017, the company s...

IEA: Global oil demand revised upward on stronger data

03/24/2014 Global oil demand in 2013 rose by 1.3 million b/d year-over-year to 91.3 million b/d, according to the latest, near-complete set of demand data for...

Santos brings Peluang gas development on stream

03/24/2014

Santos Ltd., Adelaide, has started natural gas production from its Peluang development offshore the Indonesian island of Java.

Cenovus gets AER approval for Grand Rapids oil sands project

03/21/2014 Cenovus Energy Inc. reported that it has received approval from the Alberta Energy Regulator (AER) for its wholly owned Grand Rapids thermal oil sa...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected