Ireland open 2009 Rockall licensing round

Ireland open 2009 Rockall licensing round

Minister Sean Power today announced the opening of the 2009 Rockall Licensing Round and published the details of the Round. Under the 2009 Rockall Licensing Round, oil and gas exploration companies will be invited to apply for new Frontier Exploration Licences in the Rockall Basin. The acreage on offer in the Rockall Basin to the west of Ireland. Full text

StatoilHydro plans for Gudrun, Trestakk, Valemon, Astero, Peon, Luva, Lavrans and Dagny fields

2008.08.27 - Field Development

New field development projects are designed to add 300,000 barrels of oil equivalent per day in 2015. StatoilHydro is working on field development plans for, e.g. the  Gudrun, Trestakk, Valemon, Astero, Peon, Luva, Lavrans and Dagny fields.

At the same time projects to enhance the recovery from fields that are already on stream will account for 40-50 percent of the company's total new production on the NCS in the next 5-10 years.

"Enhanced recovery and extension of the life of fields and facilities on stream are critical to maximising the value of the petroleum resources on the NCS. Fields such as Gullfaks, Oseberg, Grane, Sleipner West and Tune will be key contributors towards our ambitions for improved oil recovery from existing fields. We are thus currently maturing 600 million barrels of oil equivalent of new reserves, the equivalent of a new Norne field," Norheim maintains.

She points to a number of important challenges in the further development of the company's portfolio on the NCS.

"The industrialisation of development solutions has already proved beneficial and we have implemented several small-size field development projects in very short time. This development must be progressed through a good partnership between us as the operator and our suppliers."

Norheim referred to the plan for development and operation (PDO) for Yttergryta as an example of short lead time from the discovery, to the field development approval. It took just six months for the PDO to be submitted.

"Effective drilling of new wells and optimal utilisation of the drilling capacity are also essential to the achievement of our goals for reserve development on the NCS. Finally, long-term access to prospective areas is a very important part of the foundation for our efforts and contribution to long-term value capture," Hege Norheim says.

 




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