STATOIL STARTED DRILLING
Production drilling has commenced on the first of a total of 35 wells to be drilled during Phase 1 of the Johan Sverdrup field development offshore Norway in the North Sea, operator Statoil ASA reported.
The well is being drilled using Odfjell Drilling's Deepsea Atlantic semisubmersible drilling rig. The rig is drilling the first production well through a predrilling template that was installed on the field in summer 2015. A total of eight wells will be drilled through the predrilling template before the rig is relocating to drill injection wells on three locations in the field.
In 2018, the permanent Johan Sverdrup drilling platform will be installed as the second of four platforms. The drilling platform is currently being constructed at Aibel's yard in Haugesund, north of Stavanger, and in Thailand.
When the drilling platform is installed and operational, the eight predrilled wells will be hooked up from the predrilling template. At this point, Deepsea Atlantic will drill the injection wells providing reservoir pressure support to maintain high field production.
A 1.5 billion-kroner contract for integrated drilling services was let to Baker Hughes Inc. in July 2015. The contract for rig and drilling services on Johan Sverdrup, totaling more than 4.35 billion kroner, was let to Odfjell Drilling in June 2015. Contracts worth more than 50 billion kroner have been let by the Johan Sverdrup project.
Johan Sverdrup has estimated resources of 1.7-3 billion boe. Peak production will be equivalent to 25% of all Norwegian petroleum production, Statoil said. First-phase production is expected to reach 315,000-380,000 b/d of oil with peak production pegged at 550,000-650,000 b/d.
Partners in the project inclue Statoil 40.0267%, Lundin Norway 22.6%, Petoro 17.36%, Det norske oljeselskap 11.5733%, and Maersk Oil 8.44%.
|February, 16, 23:45:00|
|February, 16, 23:40:00|
|February, 16, 23:35:00|
|February, 16, 23:30:00|
|February, 16, 23:25:00|
|February, 16, 23:20:00|
AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.