Statoil Will Not Go Ahead with Melkoya Capacity Expansion
by Rigzone Staff
|Tuesday, October 02, 2012
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!
WHAT DO YOU THINK?
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.
More from this Author
Most Popular Articles