Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-03-20 17:45:00

STATOIL WILL DRILL FOR RUSSIA

STATOIL WILL DRILL FOR RUSSIA

Statoil ASA plans to drill four wells in Russia with state oil company OAO Rosneft, targeting heavy oil fields, showing Norway's biggest energy producer is deepening its involvement in the country against the backdrop of international sanctions.

Statoil plans to drill two wells at a heavy oil pilot project in western Siberia this year and two offshore wells in the Sea of Okhotsk in 2016, said spokesman Knut Rostad.

While Statoil believes the proposals lie outside the scope of sanctions, the plans are an example of how western oil companies are forging ahead with projects even as the political atmosphere shows little sign of improving. The European Union and the U.S. are considering stronger measures against Russia over its role in the Ukraine conflict.

France's Total SA has said its $27 billion Yamal liquefied natural-gas project is moving ahead, for example. And while ExxonMobil Corp.'s Arctic exploration venture with Rosneft was halted, the largest U.S. company has added drilling rights in Russia. Exxon CEO Rex Tillerson is due in Russia on Wednesday to meet government officials.

Statoil's projects need clearance from Norwegian authorities to make sure they're in compliance with sanctions, Rostad said, declining to comment on the status of those approval processes. "We are seeking all required approvals from relevant authorities to ensure that we remain in compliance with all sanctions," he said in an e-mail. "We won't do anything without having the necessary approvals."

Heavy Oil

Statoil, based in Stavanger, has said before its heavy oil project at North Komsomolskoye in Siberia isn't affected by sanctions. The field will be tested further next year to determine whether production is commercially viable, Rostad said.

In the Sea of Okhotsk, exploration will be limited to acreage that isn't subject to sanctions on deepwater or Arctic drilling, Rostad said.

The two wells planned here will be on the Magadan-1 and the Lisyansky licenses, where Statoil and Rosneft have an obligation to drill one well each by 2016 and 2017, respectively, he said. The companies plan to drill both next year to increase efficiency, Rostad said.

All projects are part of agreements signed between Statoil and Rosneft since 2012, which also include plans for exploration in Russia's Barents Sea and for shale oil in the Samara region.

Deep Water

Sanctions putting restrictions on exploration for shale, Arctic and deep-water oil have already led to "some adjustments in our projects," Statoil's Rostad said without elaborating.

For all projects with Rosneft in Russia, Statoil needs to seek approval from Norwegian authorities through a formal process to ensure compliance with sanctions, Rostad said. Norway, which isn't a member of the EU, has aligned its sanctions with Brussels.

In some cases, where Statoil and Rosneft have a joint venture registered in an EU country, approval must be sought from that country's authorities as well, Rostad said. He declined to say which countries.

rogtecmagazine.com

Tags: STATOIL, RUSSIA, OIL, ROSNEFT, SIBERIA

Chronicle:

STATOIL WILL DRILL FOR RUSSIA
2017, December, 18, 12:20:00

AUSTRALIA STOPS COAL

PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.

STATOIL WILL DRILL FOR RUSSIA
2017, December, 18, 12:15:00

EXXON - PETROBRAS ALLIANCE

Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

STATOIL WILL DRILL FOR RUSSIA
2017, December, 18, 12:10:00

EXXON BOUGHT MOZAMBIQUE

ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

STATOIL WILL DRILL FOR RUSSIA
2017, December, 18, 12:05:00

U.S. RIGS DOWN 1 TO 930

U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.

All Publications »