StatoilHydro plan for development and operation of Yttergryta submitted
2008.01.18 -
Field Development
Expected production from Yttergryta is approximately 1.75 billion standard cubic metres (Sm3) of gas with very low carbon dioxide (CO2) content. It will be developed with a subsea template tied back to the Åsgard B platform.
Start-up is scheduled for the first quarter of 2009. The production period will be between three to five years with a maximum anticipated production of 3.5 million Sm3 per day.
The exploration well that was drilled in June 2007 will be converted to a production well in 2008. The template for the subsea production facility has already been installed. Development costs will total around NOK 1.2 billion, including drilling expenses.
StatoilHydro is operator for Yttergryta with a 45.75% interest. The other licensees are Total with 24.5%, Petoro with 19.95% and Eni with 9.8%.
The PDO for Yttergryta is a “simplified” version. The Ministry’s processing is expected to take maximum eight weeks.
PA Resources AB has signed an agreement with the shareholders to acquire the entire share capital of the British oil exploration company Scotsdale Ltd. The company is focusing on low risk exploration in North West Europe. The acquisition means that PA Resources increases its presence in the North Sea with licenses in the United Kingdom and Denmark, and potentially also in the Netherlands.
Aker Exploration has entered into agreements with the international oil company Eni Norge to acquire ownership interests in two licenses in the vicinity of the Åsgard field. The agreements further strengthen Aker Exploration’s position in the Norwegian Sea.
SCAN Geophysical ASA (SCAN) today announced that the company is
remobilising its seismic vessel, M/V Geo Searcher, to re-commence a previously-suspended
2D project offshore Pakistan for BP.
The Norwegian Petroleum Directorate (NPD) has granted ENI Norge AS a drilling permit for wellbore 34/12-1 in the North Sea.
Eni has successfully drilled the last appraisal well, encountered approximately 127 metres (419 ft) of net pay in multiple sands. The initial analysis indicates good reservoir quality.
