Vigdis Gets a Boost
Framo Flatøy fabricating the pump and Luster Mekaniske Industri fabricating piping.“A contract for the work to be performed on the Snorre A and B platforms will be awarded later, whereas marine operations will be performed under Equinor’s framework contracts,” Rød said.Jez Averty, Equinor’s senior vice president for Operations South, said Equinor has continuously developed the Vigdis field through several phases of further development. When the field came on stream in 1997 it was assumed that the field would produce 200 million barrels of oil. So far, it has
Statoil Set to Drill Its Biggest Arctic Hope
Statoil's latest well in the Barents Sea, Gemini North, had found only minor volumes of gas and oil. "The well was drilled with the ambition of proving up additional oil resources in the vicinity of the Wisting discovery, but like the previous Blaamann well, we discovered gas," said Jez Averty, senior vice president for exploration in Norway and the UK. The Kayak well drilled in June proved to have between 25 and 50 million barrels of oil, too small for a stand-alone development. Statoil said on Monday it would next drill the Korpfjell prospect near the Russian border
Statoil: Sizeable Oil Finds in North Sea Still Possible
reduced spending, triggered by a slump in crude prices since mid-2014, yet the oil major still sees a large potential. "We believe there is at least another 500 million barrels oil discovery to be made in the North Sea, definitely," Statoil's exploration chief for Norway and Britain, Jez Averty, told an oil industry conference. He later told Reuters that such a discovery was more likely in the Norwegian part of the North Sea, rather than the British one, as the Norwegian part is less explored. Annual global discovered volumes are down 75 percent over the past four years and third-quarter
Statoil Plans Barents Sea Exploration
2017 and 2018. For 2017 we see promising prospects in different parts of the Barents Sea. For example, we want to explore the Blåmann prospect in the Goliat area, Koigen Central in PL718 on Stappen High and the Korpfjell prospect in PL859 that was awarded in the 23rd licensing round,” says Jez Averty, Statoil’s head of exploration on the Norwegian continental shelf (NCS). In addition to an exploration well in PL849 (Blåmann), awarded in the Award in Predefined Areas (APA) in January 2016, Statoil and the operator ENI have also agreed on drilling a new exploration well in
Statoil Launches New Subsea Concept
resources in the Barents Sea. “We as explorers need to find resources that can be developed at a lower cost and with lower emissions. Cap-X can potentially have a significant impact on developing the resources in the Barents Sea and in other areas with shallow reservoirs”, says Jez Averty, senior vice president for the exploration Norway and UK cluster in Statoil.
Statoil Looks to the Arctic to Increase Exploration off Norway
production in its home base, which faces a decline from current levels after 2025 if mature fields are not replaced by new resources. It can take up to 15 years from discovery to a field to come on stream. Asked whether a drop in exploration levels in Norway this year would be permanent, Jez Averty, Statoil's head of exploration for Britain and Norway said: "We believe that it is lower (this year) than in the years to come." "We're looking to the 23rd round to trigger an uptick in activity for us," he said on the sidelines of an oil conference. The so-called
Statoil Launches Cap-X Subsea Concept
resources in the Barents Sea. “We as explorers need to find resources that can be developed at a lower cost and with lower emissions. Cap-X can potentially have a significant impact on developing the resources in the Barents Sea and in other areas with shallow reservoirs,” said Jez Averty, senior vice president for the exploration Norway and U.K. cluster in Statoil
February 2024
