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Tag: Statoil

  • More oil discovered in Skavl

    More oil discovered in Skavl

    Oil platform on Barents Sea

    Statoil has recently reported to find more oil resources in the Barents Sea. The hydrocarbon discovery at the Skavl prospect could increase the chances for a new field centre development in the Arctic, says Atle Staalensen from the Barents Observer.

    According to Statoil, the Skavl prospect includes up to 50 million barrels of extractable resources. The well drilled by the rig West Hercules is located only few kilometers from the Johan Castberg and Havis structures in the Barents Sea.

    The new project includes modest volumes of oil, but could still increase the likelihood of a major field development in the area. After finding the Castberg and Havis fields in 2011, Statoil announced that a major breakthrough had been made in the Barents Sea, calling the fields in “the most important discoveries on the Norwegian shelf over the last ten years”.

    Statoil is an international energy company with operations in 34 different countries.

    Statoil is operator for production licence PL532 with an ownership share of 50 percent. The licence partners are Eni Norge AS (30%) and Petoro AS (20%).

    Source: Barents Observer

  • Over 300 people evacuated from oil rig

    Over 300 people evacuated from oil rig

    Oil rig in the northern sea

    Norway’s state-owned energy giant Statoil on Wednesday evacuated around 330 people from a North Sea platform off the coast of Norway after it began listing.

    “Around 330 people were evacuated and we’re halting the evacuation at this stage,” said Einar Knudsen, a spokesman for the Joint Rescue Coordination Centre Southern Norway. Just over 40 people were to stay on the rig for security work, he added.

    The Floatel Superior, effectively a floating hotel for staff working on the neighbouring Njord A production platform, was evacuated after the rig had tilted four degrees due to a leak in one of the ballast tanks, Statoil said.

    The rupture appeared to have been caused by a collision with an anchor.

    The Njord A itself, which lies about 50 nautical miles from land, is currently closed for maintenance, according to the Norwegian Petroleum Directorate.

    The rig was stabilized an hour later after other ballast tanks were partially flooded to balance it, but as a safety precaution all non-essential personnel, meaning the vast majority of the 374 people on board, were evacuated.

    “We normally have two layers of protection against leaks, and since there remained only one, we decided to bring non-essential personnel to safety,” group spokesman Ola Anders Skauby told AFP.

    “We take the situation seriously,” he said, adding that it was normal to prepare for a worst case scenario.

    Six helicopters were deployed to the area, in difficult weather, according to the rescue centre. Employees were airlifted from the Floatel to Njord A, Knudsen said.

    Source:
    The Local

  • Statoil biggest in 2011

    Statoil biggest in 2011

    Oil Barrels

    The most value of resources in 2011 in the oil and gas industry was found by Norwegian company Statoil.

    In 2011 Statoil discovered six so called high class drilling sites, each giving more than 250 million barrels of oil.

    According to Rystad Energy, this is the biggest founds last year over all oil companies in the world. The value of the resources is thought to be around 5 billion dollars.

    The research also found that Norway was the biggest production oil company in 2011.

    One of the discoveries was outside of Tanzania, an enormous well almost as big as the highly productive Snow White area, north of Norway.

    Statoil´s vice president, Tim Dodson, says that three things explain the success. Firstly, how quickly the company can move in search for new areas when the competition is this big, secondly the ability to drill a selection of boreholes in highly productive areas, meaning they take high risks, and lastly the positioning of the company which has high stakes in rich areas such as Norway and the gulf of Mexico.

    Dodson said the company spends three billion dollars each year in research. “That means we must have high success to justify the expenditure,” sais Dodson.

    Source

    Tekniske Ukeblad

  • Aker Solutions Wins Cat B Well Intervention Contract from Statoil

    Aker Solutions Wins Cat B Well Intervention Contract from Statoil

    Oil rig

    Statoil awarded Aker Solutions a contract today for hiring of an entirely new type of rig which represents an important technological advance for the industry. The category B rig will be an important contribution towards increasing recovery from existing fields.

    Development of technology for increasing the recovery from operating fields is an area of commitment for Statoil. For the last year, the average oil recovery rate from Statoil operated fields has risen from 49 percent to 50 percent.

    The category B rig is designed and equipped for the industrialization of drilling and intervention services in existing production wells and represent a new sort of service.

    A cooperation with the supplier industry, Statoil has developed a new type of rig and well control system specially adapted to carry out well intervention and drilling operations in existing subsea wells.

    This type of rig fills the gap between light intervention vessels (category A) and conventional rigs (category C). The category B rig with associated integrated services is expected to reduce operating costs for well intervention by as much as 40%.

    Statoil and the licensees will enter into an eight-year contract with options for three times two years for the category B service. The estimated value of the contract is USD 1.9 billion. In addition to rig rental, the contract also includes rental of the necessary equipment and services to carry out well intervention, sidetrack drilling, ROV operations, well testing and cementing. The rig will be in service during 2015.

    Source: World Maritime News
  • Statoil strengthens around Greenland

    Statoil strengthens around Greenland

    Oil barrels

    Statoil in Norway, owned at 70% by the state, has bought searching permissions in Greenland. This strengthens the status of Statoil around Greenland.

    The seller is oil explorer Cairn Energy who sold 30% of their oil research permissions.

    The reason is that Cairn wants to go into cooperation with a big company with experience of searching for oil in the Arctic.

    Statoil is the frontrunner in that race.

    Cairn spent more than anticipated in research in 2011, over 400 million pounds. Simon Thomson, says that Statoil´s experience will increase the odds of finding oil around Greenland.

    “In Greenland, Statoil’s extensive Arctic operating and development experience makes them the partner of choice for the Pitu block where we see significant potential,” he said to the BBC.

    Sources

    BBC

  • Major oil well in the North Sea

    Major oil well in the North Sea

    Map of North Sea

    High quality oil reserve has been found in the North Sea. Statoil and its partners are responsible for the found, described as a “reservoir of excellent quality.”

    The North Sea is a marginal sea of the Atlantic Ocean located between Great Britain, Scandinavia, Belgium, and the Netherlands.

    Statoil expects the well to deliver between 200 and 400 million barrels of oil equivalent (boe) from the 65 metre deep oil column. The company also expects additional upside in the licence both north and south of the discovery.

    Exploration and drilling in the area has already taken place with the Aldous Major North Well being one of the favourites for high volumes of oil potential. Statoil is the major stakeholder in the area but Petro, Det norske oljeselskap and Lundin also have stakes in the area.