Oil&Gas: A unique year on the Norwegian continental shelf

On the Norwegian Continental Shelf (NCS), Norway's Statoil made the largest oil discovery in the world last year – Aldous, in addition to the giant Skrugard discovery in the Barents Sea.

“Statoil has completed a fantastic year, both in terms of exploration successes, and the development of our portfolio on the Norwegian continental shelf (NCS),” says Øystein Michelsen, executive vice president for Development and Production Norway.

He says the NCS will remain the backbone of Statoil for many years ahead. The company will maintain the current production level on the NCS until 2020, i.e. 600 000 to 700 000 barrels of new production per day. 

In addition, Skrugard has renewed optimism and interest in exploration in the Barents Sea and is a potential door opener for a new oil province.

Drilling on the Havis structure started in December. Next, the company will drill an appraisal well at Skrugard. As regards Aldous / Avaldsnes the fields will most likely be developed as a regional hub on the Utsira High.

Considerable investments have been made within improved oil recovery (IOR), Åsgard subsea gas compression being one of the highlights. The project will significantly improve oil recovery, and extend the life of the field.

Two new compressors on the Troll A platform boost production from the Troll field. Also construction and installation at Gudrun and Valemon, two of the company's large development projects, took place in 2011.

"Statoil is very pleased with the award of new production licences in the 21st licensing round last year," says Michelsen, who believes that 2012 will be just as exciting as the year we have just left behind.

Saturday, 07 January 2012 08:31