Looking for a specific product?

Make a search for products & suppliers, articles & news.

Statoil Prepares for Luva Gas Development, Sees 2016 Output

Statoil ASA, Norway’s biggest oil and natural-gas producer, moved a step closer to developing the 34 billion-kroner ($5.8 billion) Luva gas field as it presented a program for an environmental and community impact assessment.

Statoil plans to develop Luva, 140 kilometers (87 miles) north of the Norne field in the Norwegian Sea, using a floating production unit attached to seven sea-floor wells, the Stavanger-based company said today in a website statement. It expects to start production at the field in 2016.

 

Norway, the world’s biggest gas exporter after Russia, has sought to develop a production hub in the Norwegian Sea that would also include the Linnorm and Zidane finds. The country is seeking to raise gas output as North Sea oilfields are depleted after 40 years of operation. The Scandinavian nation has almost doubled gas output in the past decade.

 

Statoil expects to make a “concept decision” in January before beginning work on the impact assessment and a development plan, Ola Anders Skauby, a company spokesman, said today by telephone from Stavanger.

 

Luva, in production license 218, has an estimated 47 billion standard cubic meters of gas and 800 million cubic meters of condensate in recoverable reserves, Statoil said. Norway pumped about 106 billion cubic meters of gas last year, according to the Norwegian Petroleum Directorate.

 

Statoil operates the production license and holds a 75 percent stake, while Exxon Mobil Corp. owns 15 percent and ConocoPhillips has 10 percent, the directorate’s website shows.

 

A separate impact study into an export pipeline will be carried out by Gassco AS, the operator of Norway’s gas-export network, Statoil said.

Related news

Latest news

Alliance for offshore wind energy development, Southern Vietnam

Enterprize Energy is Joint Venturing with Renewable Energy Global Solutions, 

New Business Development Manager in Sweden

Mikael explained that when he first got in contact with Oglaend System,

New and innovative starter brackets for hollow concrete sections

Each bracket has a load capacity of up to 1000 kg,

TechnipFMC celebrates 45 years of enhancing the performance of the engineering industry in Spain

TechnipFMC recently commemorated the event with a celebration in Barcelona,

AKVA group to deliver new feed barge to Arctic Sea Farm

Local presence on Iceland and a good training program were critical factors why Arctic Sea Farm hf chose AKVA group as supplier.

World's fastest ROV? - Project ROST

Traditionally, all cleaning has been carried out from a workboat,

New regional manager takes the helm in key oil and gas markets for DNV GL

Elaborating on the differences in the energy markets which now lie under his new responsibilities in DNV GL,

DNV GL launches certification framework and recommended practice for Carbon Capture and Storage (CCS)

The recommended practice DNVGL-RP-F104 Design and operation of carbon dioxide pipelines, 

DNV GL launches new JDP to test biodegradable lubricants

The test programme will investigate such aspects as hydrodynamic oil film formation,