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 Awards SK410B PSC Offshore Ma... (Jul 22)
 -  LTHE-ECS JV Bags $1.6B EPCI Deal from ... (Jul 22)
 -  NauticAWT, ENRA Sets Up JV to Tap Busi... (Jul 22)
 -  Australia's Santos Post 2Q 2016 Sales ... (Jul 22)
 -  Total Signs Agreement to Supply LNG to... (Jul 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Refinery Construction Laborer
Expertise: Laborer|NDT Technician|Refinery / Plant Operator
Location: Houston, TX
 
Principal Technical Professional - Technical Services
Expertise: Chemical Engineering
Location: Houston
 
Lease Operator - Woodville, TX
Expertise: Control Room Operations|Gas Plant Operations|Production Operator
Location: Woodville, TX
 
search for more jobs

Brent Crude Oil : $46.2/BBL 2.05%
Light Crude Oil : $44.75/BBL 0.42%
Natural Gas : $2.69/MMBtu 1.50%
Updated in last 24 hours