Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

OMV Announces Support for Aasta Hansteen Development

change text size

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

More from this Author
Jon Mainwaring
European Editor | Rigzone.com
 -  Top Tips: Applying for Your First Grad... (Jan 22)
 -  Faroe, Lundin, Cairn Score Norway Lice... (Jan 21)
 -  Cuadrilla Gets Planning Set Back to it... (Jan 21)
 -  Junior Oil Firms: Not All Doom and Glo... (Jan 21)
 -  BP Set for North Sea Job Losses, but I... (Jan 15)
Most Popular Articles
From the Career Center
Jobs that may interest you
Pre-Development Reservoir Engineer
Expertise: Reservoir Engineering
Location: Houston, TX
 
Drilling Engineer
Expertise: Drilling Engineering, Petroleum Engineering, Reservoir Engineering
Location: Pittsburgh
 
R&D Manager - Subsea Equipment
Expertise: Research & Development, Subsea Engineering
Location: Houston, TX
 
search for more jobs