Statoil Will Not Go Ahead with Melkoya Capacity Expansion

Norwegian oil major Statoil announced Tuesday that it and its partners have decided to stop work on a capacity increase at the Melkøya field on the Snøhvit license in the Barents Sea after they concluded that current gas discoveries do not justify the expansion of the field.

Statoil said that over the last 18 months, the Snøhvit license partners carried out studies for the expansion of gas exports from the field, and that increased capacity would enable the accelerated gas production of increased reserves in the Snøhvit license.

Thorough studies were carried out both on an LNG train and a dew-point facility/pipeline solution, while considerable resources were devoted to finding solutions that could make a capacity expansion possible.

However, the license partners have now decided the immediate future will focus on optimizing and upgrading the existing LNG facility at Melkøya.

Statoil, the operator, holds 36.79 percent of the Snøhvit license, while Petoro, Total E&P Norge and RWE Dea Norge hold 18.4 percent, 12 percent and 2.81 percent respectively.
 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petronas: LNG Train 9 in Sarawak Moves... (Jan 23)
 -  Xodus Wins Apache North Sea Well Contr... (Jan 23)
 -  FAR: SNE 5 Appraisal Well Spuds Offsho... (Jan 23)
 -  Shell to Reshuffle Head of Exploration... (Jan 23)
 -  Scottish Government Reveals New Subsea... (Jan 20)


Most Popular Articles

From the Career Center
Jobs that may interest you
Engineer/Inspector for LNG Facilities
Expertise: Design Engineer|QA / QC / Inspection
Location: Houston, TX
 
Quality Control (QC) Technician
Expertise: QA / QC / Inspection
Location: Oklahoma City, OK
 
QC Insulation and Painting Inspector
Expertise: QA / QC / Inspection
Location: Lake Charles, LA
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours