Asgard is one of the Nine Worlds
Image courtesy Statoil OSLO (Dow jones Johnson)– Norwegian gas and oil giant Statoil ASA (STO) Friday stated it’s presenting a brand new drilling rig concept for mature fields around the Norwegian continental shelf, inside a proceed to boost the recovery rate from the wells and lower costs. The brand new rigs will cut production costs …
Electromagnetic Geoservices ASA (EMGS) has gotten a signed contract from Tullow Oil Norge AS worth USD 7.seven million for 3D EM data acquisition within the northern area of the North Ocean. "We’re delighted to utilize Tullow again, as well as, asked to see contract coverage within the Norwegian waters still develop favorably. Adding numerous contracts …
Technological challenges aren’t anything new for Norwegian, nor is overcoming them. When foreign companies first found Norwegian to understand more about for hydrocarbons within the 1960s and 1970s, the nation’s domestic understanding and abilities in the region were practically nonexistent. Oslo soon setup Statoil, requiring operators to employ the absolute minimum quantity of local companies …
This Year, Norwegian created 2. million bbl/d of oil along with other fuels, which about 87 percent was oil. Norway’s oil production continues to be progressively declining since 2001 as oil fields have matured. The NPD expects that production continuously decline gradually within the next couple of years, which in the long run the amount …
The entire year 2011 marks the 45th anniversary of the appearance of Sea Traveler in Norwegian and also the spudding from the first well around the Norwegian Continental Shelf (NCS ), along with the 40th anniversary of the beginning of oil production in the Ekofisk field within the North Ocean. In May 1963, the Norwegian …