Norway is playing an active role in the oil sector as more Norwegian oil from Johan Sverdrup is arriving in Asia, being a challenge to similar crudes coming from Africa and South America. If Johan Sverdrup continues attracting refiners, there is a high possibility that it will jeopardise exports of its rival grades to the world’s top crude-consuming region.
The Norwegian Petroleum Directorate has granted its consent for start-up of the Johan Sverdrup field in the North Sea. The field is expected to produce oil for the next 40 years. Operator Equinor plans to start sometime this autumn for the first phase of the field development. Construction phase two is expected to begin in the fourth quarter of 2022.
Equinor and partners OMV and Petoro announced that they have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 million barrels of oil. The Sputnik well was drilled in licence PL855, around 30 kilometres North East of the Wisting discovery.
Norwegian energy giant Equinor has closed its Hammerfest liquefied natural gas (LNG) export facility located on Melkøya Island in northern Norway. Equinor is making attempts to bring the facilities online again. The shutting down of the facility didn’t affect Equinor’s deliveries to its customers.
On December 16, Equinor along with its partners sbegan the production from the Aasta Hansteen gas field in the Norwegian Sea. On December 17, gas from the Aasta Hansteen field is available to the market for the first time and together with the Polarled pipeline the field opens a new region for gas export to Europe.
According to Equinor an LPG leakage took place at one of the Mongstad facilities, on 10 December. The unit with the leak was shut down, while depressurizing operations were conducted. A little later the same day, the leakage had stopped and the situation was normalised.
Norwegian oil major Equinor and Singapore-based Global Petro Storage (GPS) have entered into a long-term agreement for a terminal and storage for LPG (Liquified Petroleum Gas) volumes in Port Klang in Malaysia. This form is part of Equinor’s plan to bring LPG to the terminal and sell into the domestic market in South-East Asia.
Namely, Statoil exercised the second of four options. The option regards three wells with an estimated duration of 75 days. The second option will follow back to back with previously announced option one.
The Norwegian Ministry of Petroleum and Energy announced offering of 75 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2017 licensing round, the highest ever awarded in a licensing round in the area. The licenses are distributed over the North Sea, Norwegian Sea and Barents Sea.
DeepOcean, a subsidiary of DeepOcean Group Holding BV, secured a contract for performing marine operation scope on the Snorre Expansion Project in the North Sea. The award covers project management, engineering, procurement of anchors for risers and umbilicals and offshore installation activities.
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