Statoil Gives Go-Ahead to Edvard Grieg Pipeline

Statoil reported Thursday that it has given the go-ahead for a joint oil export solution for the Edvard Grieg and Ivar Aasen fields.

Oil from the fields will now be transported via a 27-mile pipeline from Edvard Grieg to the Grane oil pipeline and then on to the Sture terminal, which is located near Bergen in western Norway. The pipeline will be called the "Edvard Grieg" oil pipeline.

Statoil noted that the transport solution is a precondition for developing the Edvard Grieg and Ivar Aasen fields. Edvard Grieg is scheduled to start producing in 2015 and Ivar Aasen in 2016.

The investment decision was made by Statoil along with its partners Lundin and Det norske oljeselskap, who operate the Edvard Grief and Ivar Aasen fields respectively. A plan for installation and operation has been submitted to the Norwegian Ministry of Petroleum and Energy.

"We are an important player in the Sleipner and Utsira area, and are therefore concerned with robust solutions that provide the possibility of expanded activities in the area in the future," Tor Martin Anfinnsen, Statoil's senior vice president for trade with crude oil, wet gas and refined products, commented in a company statement.

 



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
 -  NOPSEMA Seeks More Details on BP's Gre... (Sep 29)
 -  WFS Appoints IMEC as Agent in Malaysia... (Sep 29)
 -  Oil Industry Teams Up to Fight Cyber-C... (Sep 29)
 -  Council Officials Recommend Approval f... (Sep 29)
 -  Maersk Oil Begins Culzean Drilling Cam... (Sep 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
Dockmaster
Expertise: Marine Engineering|Naval Architecture
Location: Philadelphia, PA
 
Asst. Ship Superintendent
Expertise: Project Engineer|Shipyard|Structural Engineering
Location: Philadelphia, PA
 
Labor Dept. Craft Manager
Expertise: Shipyard
Location: Philadelphia, PA
 
search for more jobs

Brent Crude Oil : $49.24/BBL 1.12%
Light Crude Oil : $47.83/BBL 1.65%
Natural Gas : $2.959/MMBtu 0.23%
Updated in last 24 hours