Tag Archives: North Sea

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.

Maersk Oil exploration costs are now expected to be below the 2016 level’s of $223million.

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

Investigators found that a gas detection system. which formed part of the current fire and gas detection assessment. had never been installed.

Saudi Arabia told OPEC it cut output to 10.01 million bpd last month. from 10.07 million bpd in June. meaning its production fell back below its OPEC target of 10.058 million bpd.

East Anglia Three will be located 69 kilometres off the coast of Norfolk and it will supply energy to around one million homes.

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

In 2016. ExxonMobil'.s refining amounted to 4.268.000 barrels per day (a decrease of 3.7%).

Tehran plans to develop the South Pars oil layer under the framework of Iran Petroleum Contract.