Tag Archives: Equinor (Statoil)

In the first half of 2017. the ACG field production averaged 585000 bpd from the six platforms.

Recent exploration over the past two years has more than doubled the field’s estimated reserves to about 813 million boe.

Statoil has a 75% stake in the project. with the remaining 25% owned by Masdar.

As a consideration. Statoil will fund 100% of the cost of certain future activities in the block.

Valemon is a gas and condensate field in the northern sector of the North Sea. just west of Kvitebjørn. The field has been developed using a fixed production platform. Production began in 2015.

Exploration well 15 6-14 S. which Statoil has now received consent to drill. is to be drilled as a sidetrack from existing well 15 6-B-2.

JOG and CIECO hold 18% and 12% interest in the P.2170 Licence respectively.

Statoil is cutting its exploration guidance for this year from US$1.5 billion to US$1.3 billion related to efficiency gains and stricter prioritization.

Statoil is the operator of Johan Sverdrup with a 40% stake. The other partners are Aker BP. Petoro and Lundin.

The world'.s first full-scale floating wind farm - with turbines taller than the Britain'.s Big Ben - is being built off the coast of Scotland.