Energy Ticker

22/09/2014

Production on Kvitebjørn extended with eight years

A new compressor installed on Kvitebjørn will increase the production by 220 million barrels of oil and extend the life of the field with eight years. The compressor started operating on September 17, and it will contribute to increase the recovery rate on the field from 55 percent to 70 percent. Troll, Åsgard, Kristin, Heidrun and Gullfaks will also get new compressors installed. Statoil estimates that installing new compressors in these fields will increase recovery with a total of more than 1.2 million barrels of oil equivalents.

Source: Sysla.no
22/09/2014

Signed agreement to cut greenhouse gas emissions

During the UN Climate Summit in New York this week, several countries signed an agreement to reduce greenhouse gas emissions of short-lived greenhouse gases such as methane. Norway is one of the countries that signed the agreement. Environmental Foundation Zero hope concrete measures will be implemented to reduce emissions. According to Deputy Kari Elisabeth Kaski in Zero, lack of progress in international climate negotiations makes initiatives like this agreement necessary to reduce emissions. Statoil is one of the companies that has committed to the agreement, and according to CEO Helge Lund, the oil and gas industry represent about 20 per cent of the total methane emissions. –This is a voluntary partnership where we will create methods for measuring emissions and identifying the emission’s origin, says Lund. 

Source: Offshore.no
22/09/2014

The Utsira report has been presented

On Monday, the Norwegian Petroleum Directorate (NPD) presented the report on electrification of the Utsira High for the Standing Committee on Energy and the Environment. In the report, the NPD conclude that it is possible to establish a land-based power solution for the fields Sverdrup, Krog, Grieg and Aasen on the Utsira High by 2022. Further, the NPD warns against a solution with electricity from shore to the entire Utsira High from day one, as it might lead to a delay of the first stage of the major Sverdrup discovery that is planned to start production in 2019. Minister of Petroleum and Energy, Tord Lien, is satisfied with the conclusion, and says that he wish to avoid any delays of the first stage. Not all political parties are as satisfied with the report. The Socialist Left Party and the Christian Democratic Party claim that the report is incomplete. – I recognize Statoil`s formulations and am surprised that the Directorate has not included independent competence when analyzing such important issues, says Christian Democrat, Kjell Ingolf Ropstad. – It seems like the NPD has based their considerations on Statoil`s considerations. This affect the Directorate`s credibility as an independent organ, says Heikki Eidsvikk Holmås in the Socialist Lest Party.

Source: Dn.no
19/09/2014

The Zidane project is postponed

RWE Dea has now decided to postpone the investment decision for the Zidane project in the Norwegian Sea. The plan for development and operation will not be delivered to the authorities in October as first planned. The reason is that the project must be made more robust. According to CEO Hugo Sandal in RWE Dea Norge, the company will now consider if there are ways to optimize the project. The owners of the Zidane license planned to develop the field with a subsea template connected to the Heidrun platform where the gas would be processed and exported to the market through the Polarled pipeline. Sandal confirms that the lack of consensus with the Heidrun license is one of the reasons for the postponement. It is not known what the two licenses disagree on.

Source: Tu.no

Press Contact


Verena Sattel
Communication Manager North Sea, Spokesperson

verena.sattel[at]wintershall.com