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The US is putting its offshore assets up for sale to compete for exploration dollars as offshore drilling begins to grow again. By creating a different sort of partnership for a drilling project with close cooperation and greater efficiency built into every detail, including the contracts, Statoil was able to halve the cost of drilling eight wells at its Johan Sverdrup field.
The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery. Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.
Offshore facilities are typically powered from onsite gas turbines but efforts to become “carbon efficient” are pushing oil and gas companies toward an onshore alternative. The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery. By creating a different sort of partnership for a drilling project with close cooperation and greater efficiency built into every detail, including the contracts, Statoil was able to halve the cost of drilling eight wells at its Johan Sverdrup field. Statoil is going to work to put its enormous Johan Sverdrup discovery into production, showing that even one of the most explored parts of the North Sea still has significant potential.
Anyone selling something new for offshore exploration and production has to be able to answer a simple question from customers, “How can we save some money?” For Norwegian oil companies, change is coming in many forms: steel, sensors, software, and standards. A panel discussion at the 2016 OTC in Houston focused on the factors that influence deepwater developments, the scenario for the future, and the opportunities available within the industry. One key question asked was: What oil price is required to keep deepwater viable over the long term? Representatives from various national oil companies, multinational operators, service companies, and fabricators discuss the roles individual countries in the Asia Pacific region will play in the global oil market and the overall development of the region.
The goal of the platform is to connect technologies to operators, developers, and end users in the UK oil, gas, and renewable energy sectors and be the catalyst for rapid technology deployment. The 5-year effort will take advantage of Microsoft technologies in machine learning, augmented reality, user interactions, and the industrial Internet of things to deliver integrated solutions to the upstream industry. Houston pipeline and refinery operator Phillips 66 is testing a private 5G cellphone network to control sensors at one of the company's facilities in Louisiana. The partnership will deliver autonomous robots for safe work in adverse land, sea, and downhole environments. During the conference, the company launched six pieces of technology focused on gathering and consolidating digital data.
Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year. The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle. Equinor, the operator of the Johan Sverdrup field, said that Mongstad will receive more than 30% of the total oil from the Norwegian Continental Shelf when the field is operating at full capacity. Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned.
Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year. The cement industry is exploring carbon capture technology to reduce its carbon footprint. Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year. Time-stamped data anomalies can lead to more-accurate identification and faster diagnosis. The announcement comes as Aker BP has stopped all nonsanctioned projects.
The complete paper describes the overall project execution of the Aasta Hansteen field development on the Norwegian Continental Shelf (NCS) north of the Arctic Circle. It is the deepest field yet developed on the NCS in 1300 m of water. The Norwegian operator will increase its ownership of the giant Johan Sverdrup field before the field commences oil production this November. In need of an exploration boost, Norway doled out a record 83 production licenses in mature areas of the Norwegian Continental Shelf to 33 firms. Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade.