The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development has been formally approved by Norwegian authorities. Construction has also started on the field’s second processing platform at Aibel’s yard in Haugesund. “This is a big day for Equinor and the other Johan Sverdrup partners comprising Lundin Norway, Petoro, Aker BP and Total. Johan Sverdrup is a world-class field that will provide value
AKER Solutions ASA has successfully completed a NOK1,000 million senior unsecured bond issue with maturity in June 2024. The bond issue was considerably oversubscribed. The bonds will have a coupon of 3 month Nibor + 3.00% p.a., and will be applied for listing on the Oslo Stock Exchange. Settlement date will be June 3, 2019. The proceeds from the bond issue will be used to refinance existing debt and for general
FRENCH oil and gas giant Total has announced a major gas discovery on the Glendronach prospect, located offshore U.K. West of Shetland. The well was drilled to a final depth of 4,312 meters and encountered a gas column of 42 meters of net pay in a high quality Lower Cretaceous reservoir. Preliminary tests confirm good reservoir quality, permeability and well production deliverability, with recoverable resources estimated at about one trillion
The Equinor operated Mariner platform is the largest field development on the UK continental shelf in recent years. 800 people are working offshore on the the huge hook-up operation to prepare the platform for production.
Late last week the last pipe of what is now Norway’s longest and largest oil pipeline was installed right next to the riser platform at the Johan Sverdrup field. The 36-inch pipeline extends 283 km from the Mongstad oil terminal outside Bergen to the giant field in the North Sea. “We have together with our supplier Saipem succeeded in laying the oil pipeline to Johan Sverdrup without any serious incidents.
A report into UK oil and gas workforce dynamics launched today indicates that more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 in posts that don’t exist today. The UKCS Workforce Dynamics Review, by global energy skills body OPITO in partnership with Robert Gordon University’s (RGU) Oil and Gas Institute, assesses the changing skills requirements for the industry over
A sizeable Polish delegation has used AOG 2018 to invite Australian companies to help them expand the LNG and gas transmission systems in Central and Eastern Europe. Led by GAZ-SYSTEM, one of the main transmission system operators in region, and supported by Austrade, the delegation revealed that they were particularly interested in Australian company experience in LNG and subsea. will present its upcoming projects to Australian companies from the oil
Today’s worldwide oil and gas industry faces a number of challenges. Price fluctuations have affected planning and stability, new oil and gas reservoirs are harder to reach and more difficult to produce, and environmental concerns demand cleaner and more efficient extraction and use of oil and gas. With its world-class scientific and engineering expertise, innovative and adaptable products and services, and combined with a highly-skilled workforce, UK oil and gas
Australia’s Po Valley Energy Limited has reported positive log results from the drilling of its Podere Maiar 1dir (PMI) well in the Selva Gas Field in northern Italy’s Podere Gallina licence area. It will now be completed as a production well. PM1 was successfully drilled to a total depth of 1,330 metres in the Pliocene ahead of schedule and on budget. Downhole log results from Schlumberger confirm a gross gas
HEEREMA has successfully launchrd two key components of Statoil’s Oseberg project from its Heerema Fabrication Group (HFG) yard in Zwijndrecht, Belgium. The topside for the Oseberg Vestflanken 2 Unmanned Wellhead Platform sailed out on Sunday 25 June. The jacket followed on Monday 26 June. Statoil awarded Heerema the contract for the Engineering, Procurement & Construction as well as the transport and installation of the platform i February 2016. HFG carried