OMV Announces Support for Aasta Hansteen Development

Austria's OMV announced Wednesday that it supports the decision by Statoil to go ahead with the development of the Aasta Hansteen gas field in the northern Norwegian Sea.

Rigzone reported Tuesday that Statoil has now submitted plans for the development and operation of Aasta Hansteen to the Norwegian Ministry of Petroleum and Energy. The field, where production is scheduled to begin in 2017, is expected to reach peak production of 130,000 barrels of oil equivalent per day from a resource that is estimated at around 1.7 trillion cubic feet of gas and 28.3 billion cubic feet of condensate.

Jaap Huijskes, OMV's head of exploration and production, commented in a statement:

"We are committed to this project. It is designed as a future hub and it will therefore unlock great potential in the region. Together with the recently acquired stakes in two other development projects, Zidane and Edvard Grieg, Norway will add substantially to OMV's production growth."

OMV has a 15-percent stake in the joint venture, where Statoil – as operator – has a 75-percent holding and ConocoPhillips holds 10 percent.
 

 

A former engineer, Jon is an award-winning editor who has covered the technology, engineering and energy sectors since the mid-1990s. Email Jon at jmainwaring@rigzone.com

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
Jon Mainwaring
Senior Editor, EMEA | Rigzone
 -  Go-Ahead Given for Biggest UK Field Fo... (Aug 31)
 -  Wood Group Scores Gabon Deal after Tou... (Aug 18)
 -  European Oilfield Services: Light at t... (Aug 14)
 -  UK Government to Fast Track Shale Gas ... (Aug 13)
 -  Tullow Resumes Exports from the Jubile... (Aug 12)


Most Popular Articles

From the Career Center
Jobs that may interest you
Manager of Project Controls - Industrial Maintenance
Expertise: Project Controls
Location: Texas, TX
 
Production Engineer - Freeport, TX
Expertise: Chemical Engineering|Production Engineering
Location: Freeport, TX
 
Regional Risk Auditor
Expertise: Accounting or Finance
Location: Jacksonville, FL
 
search for more jobs

Brent Crude Oil : $50.05/BBL 5.23%
Light Crude Oil : $45.22/BBL 6.25%
Natural Gas : $2.72/MMBtu 3.42%
Updated in last 24 hours