Statoil to invest in Mariner heavy oil field in UK North Sea

Statoil said it plans to invest more than $7 billion in developing the Mariner heavy oil field in the UK North Sea, and Mariner production is expected to come on stream in 2017 pending final government approval of field development plans.  

The field, discovered in 1981, is expected to produce for 30 years, with average production of around 55,000 b/d during a plateau expected during 2017-20.

Mariner has two shallow reservoirs, the Maureen formation and the Heimdal sandstones of the Lista formation. Both formations yield heavy oil of around 12° to 14° gravity.  The field, some 150 km east of the Shetland Isles, has nearly 2 billion bbl of oil in place and expected reserves of more than 250 million barrels.

Statoil said the heavy oil project will require pioneering technology to address the field’s complexities.  Mariner will be developed with a production, drilling, and quarters platform based on a steel jacket, 50 active well slots, and a floating storage unit.  

Statoil entered the license as operator in 2007 and holds 65.11% interest.  Partners are JX Nippon Exploration and Production (UK) Ltd. with 28.89% and Alba Resources Ltd. with 6%.

The project will provide 200 jobs in Aberdeen and 500 offshore. Statoil said the project was “positively impacted” by the UK government’s expansion of the Ring Fence Expenditure Supplement and will provide “substantial tax income for the UK.”  

 

Related Articles

BHI: US drilling rig count holds steady at 1,931

09/19/2014

The US drilling rig count was unchanged at 1,931 rigs working during the week ended Sept. 19, Baker Hughes Inc. reported.

Cenovus starts production from Phase F at Foster Creek oil sands project

09/19/2014 Cenovus Energy Inc., Calgary, started oil production earlier this month at its recently completed Phase F expansion at its Foster Creek oil sands p...

Inpex to increase recovery, lifespan at Minami-Nagaoka field

09/19/2014 Inpex Corp. plans to upgrade facilities at its Koshijihara plant to enhance natural gas and condensate recovery at Minami-Nagaoka gas field in Japan.

Wild Well completes second capping stack

09/18/2014 Wild Well Control Inc., a subsidiary of Superior Energy Services, has completed a subsea capping stack stationed in Singapore to serve the area dur...

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