Oil & Gas News

Baker Hughes (NYSE:BKR) announced the successful launch of the engageSubsea remote – an extension of the engageSubsea platform. engageSubsea remote serves as an equipment inspection tool, technical support and operational management platform, and is designed to drive operational excellence and increase capital productivity for offshore oil and gas operators.   

As the world gets increasingly committed to limiting global warming to well below 2C degrees, the success of various initiatives to decarbonize natural gas will be key to ensure that this fastest growing and the cleanest hydrocarbon fuel remains prevailing in the future energy mix, participants of a recently-held Workshop on Environmental Advantages of Natural Gas heard.

The Bureau of Ocean Energy Management (BOEM) with support from the Bureau of Safety and Environmental Enforcement (BSEE) published new research on Dec. 3, that indicates certain economic policy changes may help increase oil and natural gas production in the Gulf of Mexico (GOM), using deepwater infrastructure already in place.

Equinor and its license partners have decided to invest NOK 3 billion in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent.

Written notification of material changes to the Plan for Development and Operation Statfjord Øst was submitted to the Ministry of Petroleum and Energy 16.12.2020.

“The decision to improve recovery on Statfjord Øst will add considerable value to society and owners and will create positive effects for suppliers. Our ambition is to maintain safe and profitable production and secure valuable activity from the Norwegian continental shelf (NCS) for several decades,” says Kjetil Hove, Equinor’s senior vice president for Field Life eXtension (FLX).

Statfjord Øst is tied back to the Statfjord C platform by pipelines. A total of four new wells will be drilled from existing subsea templates. The project also includes modifications on Statfjord C and a new pipeline for gas lift.

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Kjetil Hove, Equinor’s senior vice president for Field Life eXtension. (Photo: Ole Jørgen Bratland)

“We will be a leading late life operator on the NCS. In order to achieve this, we must work in new ways to reduce costs, thereby offering new opportunities for investments in late life fields ensuring profitable reservoir management. The Statfjord Øst decision is a good example of this,” says Hove.

This decision enables an improvement of the recovery factor on Statfjord Øst and gives an important contribution to extending the life of the Statfjord C platform and the Statfjord Øst field towards 2040.

The original oil volume in place on Statfjord Øst was 415 million barrels of oil. The current recovery factor is 56 percent. As a result of this project, the expected recovery factor is increased to 62 percent.

image 3Anders Opedal, president and CEO of Equinor, submitted the Written notification of material changes to the Plan for Development and Operation Statfjord Øst to Tina Bru, Minister of Petroleum and Energy. (Photo: Ole Jørgen Bratland)

Plans call for installation of a pipeline for gas lift, modifications on Statfjord C and drilling of new wells in 2022 - 2024. Production start is scheduled for 2024.

The Statfjord Øst development comprises subsea installations that include three templates. The field is located five kilometers north-east of Statfjord C. The field came on stream in 1994.

The licence partners in Statfjord Øst Unit: Equinor Energy AS (31.6875%), Petoro AS (30.0000%), Vår Energi AS (20.5500%), Spirit Energy Norway AS (11.5625%), Idemitsu Petroleum Norge AS (4.8000%), Wintershall Dea Norge AS (1.4000%).

After several extensions of the Statfjord field life, the current goal is to maintain safe and profitable operation until 2040. Statfjord is part of FLX, which was established to meet the strategic opportunities and challenges of late life fields in relation to Equinor’s competitiveness.

FLX aims to ensure that Equinor is the leading company in safe and efficient operations with low carbon emissions from late life fields on the NCS.

Equinor and its Johan Sverdrup license partners have awarded Aker Solutions the contract for hook-up of the fifth platform on the Johan Sverdrup field. At peak the contract will provide jobs for around 1,300 people and have a value of up to NOK 500 million.

Aker BP is the world’s first operator to utilize the subsea control system SCILS from Optime Subsea. This system simplifies installation, maintenance and plugging of subsea wells. Through SCILS Aker BP can reduce its costs for control systems in well operations by more than 50 percent. 

On December 12, production commenced from the Snorre Expansion Project in the North Sea. This major Increased Oil Recovery project will add almost 200 million barrels of recoverable oil reserves and help extend the productive life of the Snorre field through 2040.

As exploration activities in the Guyana-Suriname Basin expand, CSA Ocean Sciences Inc. (CSA) and its Trinidad subsidiary follow suit, building on a 30-year history of marine environmental consulting work in the Caribbean and serving the scientific and operational needs of the offshore energy industry.

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