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2014-08-20 17:50:00

GUDRUN WAS OPENED

GUDRUN WAS OPENED

Statoil and Norway's Prime Minister Erna Solberg officially opened the Gudrun platform in the North Sea on Tuesday.

'This is the first new Statoil-operated platform on the Norwegian continental shelf (NCS) since Kristin in 2005,' wrote the company on its website.

According to the company, the platform has been put on stream on time and below the cost estimate of the plan for development and operation (PDO).

"Gudrun is a good example of how we manage to realize projects by combining new field developments with existing infrastructure. This is good value creation that helps maintain activity and extends the life of a wide range of offshore fields and facilities," said Statoil's chief executive Helge Lund.

Gudrun is an oil and gas field in production licence PL025, about 55 kilometres north of the Sleipner installations.

Statoil has combined a new field development with existing infrastructures. It is the first new Statoil-field in the Stavanger region since Sleipner in 1993, and it will be soon followed by similar projects.

"It's good to see a new field joining the old giants - Statfjord, Snorre and Sleipner. Later on, Gina Krog will also come to Operations South. This field will also be tied in to Sleipner - yet another win-win situation," Nylund commented.

The licensees in PL025 are Statoil (operator - 51%), GDF SUEZ E&P Norge (25%) and OMV Norge A/S (24%).

naturalgaseurope.com

Tags: STATOIL, NORWAY, GUDRUN, OIL, GAS

Chronicle:

GUDRUN WAS OPENED
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

GUDRUN WAS OPENED
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

GUDRUN WAS OPENED
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

GUDRUN WAS OPENED
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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