Looking for a specific product?

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

Statoil stepping up in the Arctic

Statoil is stepping up its Arctic activities and will drill nine wells during a non-stop 2013 Norwegian Barents exploration campaign.

In a press release, the company says it plans to meet development challenges here by tripling its Arctic technology research budget.

Statoil's exploration experience in the Barents is already extensive. Of the 94 exploration wells drilled in the Norwegian Barents Sea so far, Statoil has been involved in 89. Nine more Statoil-operated wells are on their way here next year.

"After our Skrugard and Havis discoveries we still see attractive opportunities here," says Statoil Exploration executive vice president Tim Dodson.

"This is a less challenging area, as the Norwegian Barents is one of the only Arctic areas with a year-round ice-free zone. We also see the possibility of utilising knowledge gained here for Arctic prospects elsewhere later on – just like we've already done with Snøhvit."

Statoil will start drilling in Nunatak in the Skrugard area in December, and will drill and complete four wells in this area over a six-month period.

"These wells are time critical, as any additional resources will make the Skrugard development even more robust," says Dodson.

The campaign will then continue with the drilling of two-three wells in the Hoop frontier exploration area further north in the Barents in the summer of 2013. These will be the northernmost wells ever drilled in Norway.

The 2013 Barents drilling campaign finishes in the most mature province of the Barents: the Hammerfest basin. Statoil will carry out growth exploration close to the existing Snøhvit and Goliat discoveries here.

"The Skrugard discovery has reignited interest in the Barents. A number of major companies that had left the area will be looking to make their way back in. The competition will be fierce, but we've built up a strong track record here, and our application will reflect this," Dodson says.

Associated companies:


Related news

Latest news

ROV contracts in Brazil

The new contracts and contract extensions give 1 630 days of ROV services...

Steinsvik Secures a Contract for its First Concrete Barge

Steinsvik’s well-known steel barge design is now complemented by a new and innovative concrete barge design.

Searching for the best biological solutions

AKVA group’s biologists play a key role to ensure that the company’s technology not only meets fish welfare requirements, but also provides the best possible conditions for the fish.

Elisabeth Maråk Støle appointed managing director of Forskningsselskapet SørVest AS

Elisabeth Maråk Støle will take up her position on 1 April 2018 at the latest.

TIME SCALE

We are building chambers for tomatoes to grow in space. The aim is to give food to astronauts going to Mars.

From university to heavy industry: A slow transition

It is nearly winter holiday,

Doria awarded as “best large patrol boat 2017”

Doria is equipped with Servogear Ecoflow Propulsor. 

New CEO in Steinsvik Group

Martha Kold Bakkevig replaces Bjørn M. Apeland as CEO of Steinsvik Group with accession 02.01.2018. Bakkevig has 20 years of experience within management and business development

First company to enter important certification process

AKVA group’s fish tanks for land based fish farms will within short time be certified according to the NS 9416 standard. The certification is carried out by DNV GL.