STATOIL EXTENDS FIELDS' LIVES
Faced with falling reservoir pressures, Statoil ASA is installing compressors in the Norwegian North Sea to extend field lifetimes and produce an extra 1.2 billion boe.
The company began operating a compressor Sept. 17 at the Kvitebjorn gas-condensate field, which is expected to add 8 years through 2035 and increase production by 220 million boe. Kvitebjorn lies on Block 34/11, east of Gullfaks.
Statoil began operating a compressor at Kristin earlier this year and plans one soon for Heidrun. Compressor startups are planned later for Gullfaks, Asgard, and Troll fields. Statoil said Troll will add two compressors to increase recovery by 522 million boe and extend field life 18 years to 2063.
"Many people don't realize that these relatively small modules are able to contribute as much or more value as new fields and that they cost much less to develop because the platform is already in place," said Terese Kvinge, senior vice-president for brownfield projects.
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WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.
WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.
PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.