Statoil Will Not Go Ahead with Melkoya Capacity Expansion

Printer Friendly Version
Email this Page

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

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

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
 -  Services Firm Cape Secures 500 Jobs wi... (May 1)
 -  Falcon O&G and Partners Prepare for Dr... (Apr 30)
 -  Exoma Finalizing Withdrawal from Queen... (Apr 30)
 -  Tullow Says Outlook for 2015, 2016 'Po... (Apr 30)
 -  TAQA Appoints Grant Gillon as Acting C... (Apr 30)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Reservoir / Completions Engineer Manager
Expertise: Reservoir Engineering
Location: Houston, TX
 
Process Engineer
Expertise: Process Engineer
Location: Houston, Corpus Christi, TX
 
Senior Toxicologist
Expertise: Chemical Engineering|Materials Management
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $66.46/BBL 0.34%
Light Crude Oil : $59.15/BBL 0.80%
Natural Gas : $2.78/MMBtu 1.09%
Updated in last 24 hours