StatoilHydro starts up Volve Oil Field in the North Sea
2008.03.06 -
Subsea Headlines
StatoilHydro officially opened the Volve oil field, North Sea, Norway, on February 28. StatoilHydro's share of the new field's 56,000 barrels per day production is 30,000 barrels per day. The company’s goal is to achieve plateau production in 2008, when a total of 8 wells will be drilled. The first cargo of 500,000 barrels of oil is scheduled to be shipped in mid-March. In the meantime, the oil is stored in the floating storage unit, Navion Saga, a converted shuttle tanker.
When the field will be fully on stream in the near future, there will be no discharges either to sea or air. Produced water will be reinjected into the formation in order to increase oil recovery, and when the compressors start working next week, gas flaring will also cease. StatoilHydro subcontracted Mærsk Contractors Norway for the operation’s development, equipment and manning.
Applied Acoustics has recently announced the sale of its 50th Easytrak subsea tracking system at Offshore Europe, Aberdeen. The system is one of a pair that has been ordered by CaspianLab in Azerbaijan for use in their operations in the Caspian Sea.
The Tampen Link pipeline for gas export from the North Sea’s Statfjord field to the St Fergus gas terminal in Scotland opened on Friday evening. The field is consequently beginning a new era.
StatoilHydro, as operator of the Troll field, has recommended to its partners to discontinue the Troll Future Development project.
Petrobras Americas Inc. has awarded Aker Kvaerner a contract to supply subsea power cables and control umbilicals to its Cascade and Chinook fields in the Gulf of Mexico. The contract, worth approximately USD 65 million, represents a significant breakthrough for Aker Kvaerner's power cable technology.
StatoilHydro will today, 25th of October, sign a frame agreement with Gazprom to become partner in the Shtokman development, phase 1.
