Tag Archives: Norway

Korpfjell is the fourth well that Statoil has drilled in its 2017 exploration campaign in the Barents Sea. which has been fairly disappointing so far.

Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate. according to the estimations of SOCAR geologists.

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.

NIOC and DNO signed memorandum of understanding (MoU) on November 17. 2016 for a survey on Changoleh oil field.

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.

The Margerie is the first vessel of her kind. and Total says that she will also be the first unscorted merchant vessel ever to take this route.

Over past years. Petroleum Ministry paid its main attention to develop oilfields in the Persian Gulf.

A new Maritime Broadband Radio system is being rolled out to help ships and planes communicate in the event of an oil spill.