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Statoil is optimistic about the future

Statoil`s chairman, Øystein Løseth, said that Statoil has become stronger after the oil recession. He believes the company is better rigged for the future. – I must commend CEO Eldar Sætre for his leadership through challenging times, Løseth said.



Rystad expects new projects worth NOK 130 billion

According to Rystand Energy, development plans for 25 subsea tieback project will be submitted in Norway in the period 2017 – 2019. The developments have an estimated value of NOK 130 billion (€ 13.9 billion).




Total plans major investment at Garantiana

Total projects that development costs of the Garantiana discovery in the North Sea will be between NOK 5 - 10 billion (€ 535 million -  € 1.06 billion). The company is considering using a floating production ship or subsea connection to either the Knarr, Visund or Gullfaks developments.



Weaker results for Aker

Aker Solutions revenues in the first quarter 2017 was NOK 5.2 billion (€ 550 million), down from NOK 6.5 billion (€ 687 million) in the same period last year. Earnings before taxes totaled NOK 92 million (€ 9.7 million) in this quarter, down from NOK 258 million (€ 27.3 million) in the first quarter of 2016.



NDO purchased small oil company in Stavanger

The Stavanger based oil company Origo Exploration is purchased by DNO. Through the acquisition, DNO obtains 11 exploration and appraisal licenses on the Norwegian shelf and four licenses on the British side of the North Sea. This means that DNO is back in Norway after six years.



Aker invests NOK 7 billion in Valhall

Aker BP and Hess estimates investments for the development of Valhall vestflanke to be approximately NOK 7 billion (€ 745 million). The work includes modifications at Valhall field center, a newly built wellhead platform and drilling with a jack-up rig for up to two years. Aker BP plans to deliver the development plan by the end of the year and start production in late 2020.



Schlumberger wins framework contract with Aker

Schlumberger will collect 4D seismic for Aker BP. This year, the contract is worth USD 40 million. The contract has a four-year duration, plus options for two plus two years.



Statoil awarded rig contract at Sverdrup

Statoil awarded rig contract to the Stavanger based company Prosafe. The housing rig Safe Zephyrus will be used at the Johan Sverdrup development. The contract is worth NOK 438 – 455 million (€ 46.7 - 48.5 million). Zephyrus was built in 2016 and accommodates up to 450 People.



Aker closer to Snadd development

Aker BP has concluded the last phase before submitting the development plan (PDO) for Snadd. The field partners expect to deliver the PDO in 2017. Snadd is estimated to cost NOK 6 billion (€ 644 million).



Rystad predicts peak in oil demand in 2030

Oil analyst firm Rystand Energy expects peak in oil demand in 2030. The company`s prediction was presented at the Norwegian Energy Partners forum in Oslo. Despite advancements in renewable energy technology, they expect the energy transition to last several decades.



Beerenberg wins Sverdrup contract

Beerenberg has won a contract worth NOK 200 million (€ 21.7 million) at Johan Sverdrup for Aker Solutions. The contract is for ISO services and includes options for two additional installations at the field. The work includes tasks such as scaffolding, surface treatment, fire protection and insulation.



Kaefer contract provides 170 jobs

Statoil has awarded Kaefer Energy a contract for ISO maintenance at the Mongstad plant. The contract has a two-year duration and an estimated value of NOK 300 million (€ 32.5 million). Kaefer expects to provide work for 170 employees due to the contract. 


Press Contact

Verena Sattel
Communication Manager North Sea, Spokesperson