Statoil seeks to prolong oil bounty from NCS

By OGJ editors

Statoil said the Norwegian Continental Shelf, where it made the world’s largest 2011 oil discovery at Aldous, will remain the company’s backbone for years.

In what it termed a “unique year,” Statoil also discovered Skrugard, a substantial oil discovery with a gas cap, in the Barents Sea as a “potential door-opener” for a new oil province. Statoil spudded an exploratory well on the Havis structure southwest of Skrugard in December 2011 and will drill a Skrugard appraisal well shortly.

The company made seven investment decisions in 2011 and will maintain its current production level by adding 600,000 to 700,000 b/d of new output until 2020, said Oystein Michelsen, executive vice-president for development and production Norway. Several fields will come on production by early 2013.

In the North Sea, Aldous and Avaldsnes fields will most likely be developed as a regional hub on the Utsira high (OGJ Online, July 19, 2011).

Considerable investment has been made in improved oil recovery, such as the Asgard subsea gas compression project. Two new compressors on the Troll A platform boost production from Troll field. Construction and installation at Gudrun and Valemon, two of the company’s large development projects, took place in 2011.

The company on Jan. 5 said its Skinfaks South well in 135 m of water in Block 33/12 has become its fourth discovery near infrastructure in the Gullfaks field area in 10 months. TD is 3,722 m below sea level. Skinfaks South interests are Statoil 70% and Petoro AS 30%.

The well indicated 1.9 million to 6.9 million boe of recoverable light oil in an 80-m column in the Middle Jurassic Brent Group. The 2011 Rutil, Opal, Brent 10 A/B, and Skinfaks South discoveries will add a combined 50-100 million boe.

Gullfaks South, Rimfaks, and Valemon have added 1 billion boe to the 2.5 billion boe of reserves estimated for the initial 1978 Gullfaks discovery.

Statoil praised the award of new production licenses in 2011. Between maximizing recovery from existing fields and exploring new acreage, 2012 should be as exciting a year as 2011, Michelsen said. Statoil will operator or participate in 20-25 exploratory-appraisal wells, including at least three in the Norwegian Sea.

In 2012, 40% of Statoil’s exploratory wells on the NCS will be infrastructure-led exploratory wells. ILX drilling is to be carried out near Oseberg, Snorre, and Norne fields.

Related Articles

Novel upgrading technology cuts diluent use, capital costs

02/02/2015 A novel bitumen upgrading process that decreases the amount of diluent required for pipeline transportation and reduces overall operating costs has...

Fluid typing extends production in Chinese gas reservoir

02/02/2015 Comprehensive evaluation and classified recognition (CECR) of fluid typing and zonation (FTZ) is a prerequisite for developing multilayer sandstone...

Mud volcanoes show gas hydrates potential in India's Andaman Islands

02/02/2015 Minutes after the M9.0 Sumatra-Andaman earthquake in 2004, mud volcanoes erupted on Diglipur Island in North Andaman. The eruptions resulted in an ...

Epir-1 exploration well in Kenya encounters oil, gas shows

01/22/2015 Tullow Oil PLC encountered oil and wet gas shows over a 100-m interval of nonreservoir quality rocks—demonstrating a working petroleum system—by wa...

Nebraska Supreme Court vacates lower court's Keystone XL ruling

01/19/2015 Nebraska's Supreme Court vacated a lower court's decision that legislation transferring authority to determine the proposed Keystone XL crude oil p...

Gulfsands Petroleum completes Moroccan gas discovery

01/12/2015

Gulfsands Petroleum PLC completed its Dardara Southeast 1 well (DRC-1) Rharb Centre Permit in northern Morocco.

Take that, Canada!

01/12/2015 Mexican President Enrique Pena Nieto needs a warning about how the US treats friends nowadays. On the day of his chummy, Dec. 6, 2014, meeting with...

Condensate export status a problem with easy solution

01/12/2015

Some perplexing problems have simple solutions.

Petrobras confirms light oil potential of Sergipe basin’s Muriu area

01/09/2015 Petroleo Brasileiro SA (Petrobras) has confirmed the continuation of the light oil accumulation in turbidite sandstone in the Muriu area of the ult...
White Papers

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by
Available Webcasts

On Demand

Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST


Emerson Micro Motion Videos

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