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

NPD: Dagny Development Plan Now Being Processed

change text size

The Norwegian Petroleum Directorate confirmed late Monday that it has received, and is now processing, a plan for the development and operation of the Dagny oil and gas discovery in the North Sea. Statoil is the operator of the development, while Total and Det norske also have interests in the production licenses – 029B, 029C, 048 and 303 – that cover the discovery.

Dagny is located in the central part of the North Sea – approximately 20 miles northwest of the Sleipner A facility and 140 miles west of Stavanger. Total recoverable reserves for the discovery have been estimated by Statoil at 225 million barrels of oil equivalent.

Total investment in the field will be about $5.4 billion, according to the NPD, which said that the plan is for Dagny to start producing from the first quarter of 2017.

According to the plan, Dagny will be developed with a facility resting on the seabed. The gas will be exported via Sleipner and the oil will be stored in storage ships and exported from the field with tankers.

The facility will be able to receive power from shore, but local power production will be used until power from shore is available in the area.

Dagny has long been under consideration for development, with the presence of gas there having been confirmed in the 1970s. In December Ivar Aasheim, Statoil's senior vice president for field development on the Norwegian Continental Shelf, commented in a statement:

"We have managed to make a 1974 discovery commercially viable. Patience, technology development and infrastructure have helped realise Dagny as one of the big development projects on the Norwegian continental shelf."
 

 



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
 -  Key Oil, Gas Figures Welcome Scotland'... (Sep 19)
 -  Falkland Oil and Gas Makes Progress Ah... (Sep 16)
 -  One Millionth Barrel Delivered from Ar... (Sep 15)
 -  Inside GE's New Technology Solutions C... (Sep 12)
 -  BP, Shell Urge Scotland to Vote agains... (Sep 11)
Most Popular Articles
From the Career Center
Jobs that may interest you
Contracts Administrator
Expertise: Contracts Administration
Location: Port Arthur, TX
 
Flow Assurance Engineer
Expertise: Mechanical Engineering, Subsea Engineering
Location: Houston, TX
 
Project Manager - Subsea
Expertise: Mechanical Engineering, Project Management, Subsea Engineering
Location: Houston, TX
 
search for more jobs