Norway’s Giant Johan Sverdrup Could Face Delays, Cost Overruns

johan sverdrup

OSLO, April 24 (Reuters) - The start of Norway's 2.3 billion barrel Johan Sverdrup oil field may be delayed and costs could exceed forecasts but the project could break even at about half of the current oil price, authorities said on Friday. The Norwegian Petroleum Directorate said the startup could be delayed by six months to mid-2020 and costs could run 10 billion … [Read more...]

VIDEO: FSU Heidrun B Departs Samsung Heavy Industries

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The floating storage unit (FSU) Heidrun B left the Samsung Heavy Industries shipyard in South Korea in March 2015, heading for Norway. The FSU was ordered by oil major Statoil in 2012 for US $230 million. The storage vessel is designed to be permanently moored on the Heidrun field in the Norwegian Sea - considered to have some of the world's worst weather conditions - for … [Read more...]

Statoil Strikes Oil at Gulf of Mexico’s Yeti Prospect

The Maersk Developer drilling rig. Photo: Jonathan Bachman/Statoil

Statoil announced today that it has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico. The Yeti discovery was made in Walker Ridge (WR) block 160, which is located approximately 9 miles south of the Big Foot field, and 7 miles from the Cascade field. All of the blocks making up Yeti were accessed by the current owners in recent years. “The … [Read more...]

Statoil Plans Four Oil Wells in Russia Amid Sanctions

visund a statoil

By Mikael Holter (Bloomberg) -- Statoil ASA plans to drill four wells in Russia with state oil company OAO Rosneft, showing Norway’s biggest energy producer is deepening its involvement in the country against the backdrop of international sanctions. Statoil plans to drill two wells at a heavy-oil pilot project in western Siberia this year and two offshore wells in the Sea … [Read more...]

Statoil Makes Significant Gas Discovery in the Aasta Hansteen Field

transocean spitsbergen barents

Statoil announced today a significant natural gas discovery while drilling in the Snefrid Nord prospect in the Norwegian Sea.  Utilizing the Transocean Spitsbergen drilling rig, a 105-meter gas column was found nearby three other gas discoveries comprising the Aasta Hansteen field development:  Luva, Haklang and Snefrid South. “The Snefrid Nord discovery increases the … [Read more...]

Normand Vision Wins SURF Contract from Statoil

norman vision

With a 400 ton active heave compensated crane, two Oceaneering Millenium Plus-class ROVs, and a Huisman vertical lay system, the Normand Vision has serious capability to conduct deepwater subsea construction work. The vessel is owned by Ocean Installer, a company that is focused on growing its market share withing the subsea riser, umbilical and flowline (SURF) market. It … [Read more...]

Statoil Orders Emergency Response and Rescue Vessel

mariner sentinel emergency response rescue vessel

Aberdeen-based Sentinel Marine Ltd has won a contract today from Statoil (U.K.) Limited to provide a new multi role Emergency Response & Rescue Vessel (ERRV) to support operations on the Mariner field on the UK Continental Shelf (UKCS). The new 65-meter ship, to be named “Mariner Sentinel”, will be custom-built for Statoil and provide emergency cover, oil spill response … [Read more...]