Statoil to Deploy New Technology at Asgard

Statoil plans to use seabed compression in order to produce more gas from the Asgard field in the Norwegian Sea. According to the company, this is the first use of the technology for commercial purposes.

Boosting the pressure in the gas flow the seabed compressor will compensate for dropping pressure in the reservoir. Gas production from Asgard is expected to increase by 25%--approximately 30 to 40 billion cubic meters--when this technology is employed. Installation of the compressor on the seabed is scheduled for 2012-2013. Qualification of the seabed technology will take place toward 2012.

“This means that the business potential on the Mikkel and Midgard deposits at Asgard will be better exploited,” said Knut Nordstad, senior adviser at Statoil’s research center in Trondheim, where the technology was developed. “The technology should make us better prepared for more demanding projects in the future. Gas compression may be relevant both for the Troll field in the North Sea and Snøhvit in the Barents Sea.”

Seabed processing is particularly relevant in Artic waters. If Statoil becomes a partner on the Shtokman field in the Russian part of the Barents Sea, experience associated with new seabed technology will be useful.

Statoil and the other partners in the Asgard license invest slightly more than NOK4 billion (US$628.5 million) in the project.

The installation will be located in 250 meters of water some 50 kilometers from the Asgard B platform. In connection with seabed processing, tasks such as pumping, separation, compression, and filtering are performed on the seabed rather than on the platform. The technology will contribute to great cost savings and secure production until 2021.

Statoil is operator for Asgard, (25% interest). The other licensees are Petoro (35.5%), Hydro (9.6%), Eni (14.9%), Total (7.65%), and Mobil (7.35%).

Related Companies
 Company: Exxon Mobil Corporationmore info


 - Nigeria To Mediate In Dispute Between Exxon And Labor Unions (May 24)
 - Shell Shareholders Reject Emissions Target Proposal (May 23)
 - ExxonMobil, Total Discuss Offshore Drilling Opportunities In Greece (May 19)
 Company: Norsk Hydro ASAmore info


 - Sentry Petroleum Appoints Former Norsk Hydro Analyst to Board of Directors (Dec 29)
 - Hydro Under Investigation for Former Libya Oil Operations (Oct 7)
 - SeaBird First Contract Award for SeaBed Operations (Apr 28)
 Company: Statoilmore info


 - Norway's Statoil Plays Down Risks Ahead Of Arctic Drilling (Apr 24)
 - Statoil Confident Brazil Deal To Go Ahead Despite Suspension (Apr 18)
 - Statoil Exec: Effective Leaders Should Empower People and Machines (Mar 24)
 Company: Total S.A.more info
 - Uganda, Tanzania Sign Deal for World's Longest Heated Pipeline (May 26)
 - ExxonMobil, Total Discuss Offshore Drilling Opportunities In Greece (May 19)
 - Total Expands Oil Search Offshore West Africa With Mauritanian Deal (May 12)
 Company: ENImore info


 - Eni to Build Crude Oil Refinery in Nigeria -Oil Minister (May 9)
 - Eni Shuts Down Oil Center At Major Italy Field After Local Order (Apr 18)
 - Eni Paid No Intermediary, Bribes To Acquire Nigeria Oilfield (Apr 13)
 Company: Petoromore info
 - Aker Solutions Secures Johan Sverdrup Phase 2 FEED Contract (Mar 21)
 - NPD Grants Consent for the Expansion of Nyhamna Gas Plant (Feb 10)
 - Statoil Granted North Sea Drilling Permit by NPD (Dec 21)
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Field Specialist
Expertise: Field Development|Field Service Tech
Location: Dickinson, ND
 
Field Technician Intern
Expertise: Field Development
Location: Charlotte, NC
 
United States Rock Springs: Entry Level to Senior Field Engineer - Logging
Expertise: Petroleum Engineering
Location: Rock Springs, WY
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours