STATOIL STARTED UP THE MACHINE
Norway's Statoil began construction Monday on the $29 billion Johan Sverdrup project in Norway's North Sea.
Statoil said Kværner metal worker Stian Myrvold Green started up the machine that will cut the steel for the riser platform jacket on the Johan Sverdrup field.
The steel jacket now being built at Kværner Verdal and will weigh 26,500 tons, making it the biggest steel jacket in Europe.
"This is a special day. We've been working thoroughly for a long time making the preparations for this exciting and complex project. It feels great now that we've started construction on one of the biggest industrial projects in Europe," senior vice president for the Johan Sverdrup development project Kjetel Digre said.
The steel jacket for the riser platform will be transported and installed in 2017.
Due to the jacket's size, it will be shipped to the field on the biggest barge in the world for this type of transport, the Heeremas H-851.
In order to receive the 260 meter long barge, the quay at Kværner Verdal is being upgraded.
Statoil said construction has also began on a 246 ton template for the wells at Johan Sverdrup, to be pre-drilled on the field from March 2016.
The template is being produced at Vlissingen in the Netherlands.
The well template will be installed on the field in the course of the summer and autumn 2015.
"The steel jacket will also be one of the most complex ever built by the industry. Not only will we route the land-based power through the jacket, we'll also be controlling the subsea water injection and exporting the field's oil and gas from it," Digre said.
Production at the $29 billion North Sea field is expected to start by 2019 and has a projected break even point of under $40 per barrel.
The field is expected to produce up to 3 billion barrels of oil equivalents over 50 years.
Operating costs are projected to be under $5 per barrel once the project gets off the ground.
The Johan Sverdrup partnership consists of Statoil, Lundin Norway, Petoro, Det norske oljeselskap and Maersk Oil.
The partnership has recommended that Statoil serve as the operator for all the field's phases.
|December, 15, 13:20:00|
|December, 15, 13:15:00|
|December, 15, 13:10:00|
|December, 15, 13:05:00|
|December, 15, 13:00:00|
|December, 15, 12:55:00|
LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.