Statoil boss says Bressay project remains parked - News.

Statoil bosses have said there is still no timescale for developing the Bressay field east of Shetland. The Norwegian major said in November 2013 that it was putting the project on hold while it.

A year earlier, Statoil had been touted by Xcite as a potential bidder for Bentley to develop it in conjunction with Bressay. Ms Felin wouldn’t be drawn on any potential partnerships but said.

Statoil outlines plans for Mariner, Bressay fields in UK.

The Bentley Oil Field is a heavy oil field located on the East Shetland Platform in the UK Northern North Sea, 8 kilometres (5.0 mi) southeast of the Bressay Field (operator: Statoil), 15 kilometres (9.3 mi) east of the Kraken Field (operator: EnQuest) and 20 kilometres (12 mi) north-northeast of the Bruce Field (operator: BP). History. The Bentley Field, located on the UK continental shelf in.Fields and platforms. We’re one of the world’s largest offshore operators, the largest operator on the Norwegian continental shelf and the second-largest gas exporter to Europe. This page is an overview of the fields we are currently developing, and those in operation — in Norway, and around the world. We operate over 40 assets on the NCS with fixed and floating installations. Partner.The Norwegian State-owned company Statoil and its partner, the Royal Dutch Shell (Shell), are considering all options in order to reduce costs for the development of the heavy crude oil offshore project, Bressay, in the UK North Sea. In November 2013, while Statoil and Shell were expected to make the final investment decision, they in fact stepped back from that phase in the light of the.


The Geological Survey of Norway even wrote to the Ministry of Foreign Affairs in 1958 stating that the possibility of finding coal, oil or sulphur on the continental shelf off the Norwegian coast could be discounted. But the discovery of the Groningen gas field in the Netherlands in 1959 opened people’s eyes to the prospect that there could be hydrocarbons under the North Sea.Statoil (U.K.) Limited is the majority equity holder and operator for the licences covering the Bressay heavy oil-field. Statoil and its licence partner, Shell, have been assessing development options for this field, although this work has now paused and there was no offshore activity at Bressay during 2016.

Statoil (U.K.) Limited is the majority equity holder and operator for the licences covering the Bressay heavy oil-field. Statoil and its licence partner, Shell, have been assessing development options for this field, although this work has now paused and there was no offshore activity at Bressay during 2017. Utgard Statoil (U.K.) Limited is the sole equity-holder and operator of the licence.

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To Develop Bressay heavy oil field in the UK North Sea. Description: The initial phase is set to employ a production, drilling and quarters (PDQ) jack-up linked to a floating storage unit to store the oil for offloading by shuttle tanker. Under the plans for Bressay phase one, the PDQ jack-up will have a production capacity of about 40,000 barrels per day of oil and a total liquids capacity of.

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Statoil’s goal was to become a fully integrated oil company as quickly as possible. It would explore for, produce, transport, process and market oil and gas. In addition to Statoil, wholly owned by the state, Norway’s partly state-owned Norsk Hydro and fully private Saga Petroleum companies came to set their stamp on national offshore.

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Foreign companies dominated exploration off Norway in the initial phase, and were responsible for developing the country's first oil and gas fields. Statoil was created in 1972, and the principle of 50 percent state participation in each production licence was established. This rule was later changed so that the Storting (the Norwegian parliament) can evaluate whether the level of state.

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Statoil will decide whether to go ahead with a similar heavy oil field development at Bressay, located in waters near Mariner, sometime next year. Get the latest news on the Coronavirus.

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In 2011, Norway was the eighth largest crude oil exporter in the world (at 78Mt), and the 9th largest exporter of refined oil (at 86Mt). It was also the world's third largest natural gas exporter (at 99bcm), having significant gas reserves in the North Sea. Norway also possesses some of the world's largest potentially exploitable coal reserves (located under the Norwegian continental shelf) on.

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Statoil has admitted that its Bressay heavy-oil project off the UK remains on hold and that it is far from certain the field will be developed.

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Statoil, Norway's biggest oil company renames to prepare to embrace a cleaner future The government-backed firm will now be called Equinor The old logo of the oil company Statoil at the.

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Statoil seeks to boost shareholder value through divestitures, lower production and reduction in CapEx growth.

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Development of Mariner could open the way for exploitation of the nearby Bressay field in which Statoil holds a 82 per cent. Statoil said it would make a final decision on this in 2013. A final.

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