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STAVANGER — Norwegian government bodies have approved the program for Development and Operation (PDO) from the Trestakk discovery around the Halten Bank within the Norwegian Ocean. Investments are calculated at NOK 5.5 billion, nearly half from the original estimate. Trestakk is discovered in 1986, and expected recoverable volumes are 76 MMboe, mainly oil. Tied in …
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Developers and investors holding old, "depleted" gas and oil fields, be aware — you may be located on much more in reserves than you believe. This is the message now from the world-first breakthrough in offshore production, arriving the mature climes of Norway’s North Ocean. Veteran operators Statoil and OMV stated they’ve installed the earth’s …
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 …
Statoil has awarded anything for that construction and designs from the Åsgard subsea gas compression to Aker Solutions. Anything may be worth an believed NOK 3,4 billion. In October 2010 the Åsgard licence made the decision to go forward using its concept involving gas compressors placed on the seabed, so-known as subsea gas compression. Åsgard …