North Sea drilling activity this year could surpass 2017 levels while seeding a brighter 2019, as a range of indicators point to recovery after four years of rig glut and “cannibalization”.Boldest among bellwethers is oil company spending. After campaigning since 2014 for lower supplier costs…
Norway has again revised up the estimated cost of developing the Martin Linge oil and gas field, which state-controlled Equinor bought from France's Total last year, with the start-up delayed until 2020, according to the fiscal budget.The North…
With a flip of the switch, Kjell-Børge Freiberg, Norway's Minister of Petroleum and Energy, opened a new era in offshore oil and gas operations, initiating the 'power-from-shore solution' that will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years…
Aker BP, a partner in Norway's giant Johan Sverdrup oilfield, expects a fast ramp-up of production when the initial development phase ends in late 2019, its chief executive said on Thursday.'I think it will be done in a few months, because the production per well is so high…
Statoil, on behalf of the Johan Sverdrup partnership, signed a letter of intent with Aibel for the construction of the processing platform topside for phase 2 of the project. A letter of intent for field center modifications is also issued to a joint venture of Aker Solutions and Kværner…
Aker Solutions has won a contract to provide umbilicals for the Statoil-operated Johan Sverdrup, Utgard and Bauge developments offshore Norway. The order entails delivery of a total of more than 40km of subsea umbilicals. 'By combining…
Aibel lifted the final three modules into place for the Johan Sverdrup drilling platform earlier this week. The platform arrived in Haugesund on 5 September, where the facility will remain for hook-up and preparation work, until it is handed over to Statoil in mid-2018…
Johan Sverdrup is the largest ongoing project in the North Sea. Elaine Maslin looks at Statoil’s progress, cost reduction and technology use on the development. How it will look: Johan Svedrup…
Statoil and its partners have agreed to move forward with a US$5.92-6.51 billion second phase development of the giant Johan Sverdrup field offshore Norway at a sub-$30/bbl break even price. The cost is half that estimated, when Statoil…
Investment costs on the massive Johan Sverdrup development have been further reduced to US$11.64 billion, from $14.76 billion, when the plan for development and operation was submitted. Break-even costs on the project have also fallen to below $20/bbl for Phase 1…
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come, the Norwegian Petroleum Directorate (NPD) said…
The price tag for developing a field on the Norwegian shelf has declined by an average of more than 40% since the autumn of 2014, according to the Norwegian Petroleum Directorate’s (NPD) analysis of eight planned developments that are approaching start-up…
Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup field in the Norwegian sector of the North Sea. The study includes design solutions for a tie-in of the…
Master Marine’s subsidiary Jacktel signed a US$178 million contract with Statoil and the Johan Sverdrup license partners to provide jackup accommodation services on the Johan Sverdrup field, offshore Norway. Image of the Haven jackup…
Europe is facing a tough downturn, but it will not last forever. Rystad’s Audun Martinsen takes a look. Clair Ridge modules onboard Dockwise’s Mighty Servant transport vessel earlier this year…
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