Statoil Submits Delta-2 Plan

Statoil announced Thursday that it has submitted its plan for the development and operation of the Delta-2 field in the Norwegian North Sea.

Statoil said that its senior vice president for field development on the Norwegian Continental Shelf, Ivar Aasheim, handed over the plan to Norwegian Petroleum and Energy Minister Ola Borten Moe Thursday. The firm added that the development forms part of its fast-track portfolio, in which a modular approach to facilities is exploited along with existing infrastructure.

"Delta 2 marks an important new step for Statoil and our fast-track development strategy. The fast-track projects will considerably boost Statoil's equity production and will produce 100,000 barrels of oil equivalent daily by the end of 2014," Aasheim said in a company statement.

The recoverable reserves on Delta 2 are estimated at 77 million barrels of oil equivalent and peak production will amount to 18,000 boepd, Statoil said. Investment costs are estimated at $1.25 billion (NOK 7.4 billion), and the development is scheduled to come on stream by the end of 2014.

 

 



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
 -  Hurricane Spuds North Sea Halifax Well... (Jan 16)
 -  Inpex, ADNOC Agree to Extend Offshore ... (Jan 16)
 -  Jesse Norman to Take on Full Energy Br... (Jan 13)
 -  CNOOC Starts Penglai 19-9 Output (Jan 13)
 -  Report: CHC to Shut Down Bergen Base, ... (Jan 13)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior/Principal Industry Specialist - Oil & Gas
Expertise: Chemical Engineering|Mechanical Engineering|Petroleum Engineering
Location: Washington, DC
 
United States Elmendorf: Perforating Specialist, Assoc
Expertise: Production Engineering
Location: Elmendorf, TX
 
Wells Engineering Technician II
Expertise: Engineering Technician|Production Engineering
Location: Kenedy, TX
 
search for more jobs

Brent Crude Oil : $55.45/BBL 0.99%
Light Crude Oil : $52.37/BBL 1.20%
Natural Gas : $3.42/MMBtu 0.88%
Updated in last 24 hours