Statoil submits Trestakk Plan
Statoil, on behalf of the license holders, today submitted a Plan for Development and Operation of the Trestakk discovery on the Halten Bank to the minister for petroleum and energy, Tord Lien, in Bodø. Capital expenditures are estimated at approximately 5.5 billion NOK. The discovery, made in 1986, contains about 76 million barrels of recoverable oil equivalent, mainly oil. The project will be tied back to the Åsgard A oil production vessel, with planned production startup anticipated in 2019. “Trestakk is a good example of what is possible to achieve through spending time
Norway Oil Minister Confident Snorre Extension Project Will Go Ahead
to install a new platform at the North Sea field, which produced 88,000 barrels of oil per day last year and feeds into the Statfjord crude stream, to enable to extract an extra 240 million barrels of oil. "I am confident that the operator and license holders can make this happen," said Tord Lien, Norway's oil and energy minister. The choice of platform was supposed to be decided in the first quarter of next year, followed by an investment decision at a later time but in March Statoil said the project had to be looked at again due to cost inflation. Partner Petoro, the firm that controls
Statoil Opens Research Center in Norway
Tord Lien, Minister of petroleum and energy, opened Statoil’s new research center for improved oil recovery (IOR) at Rotvoll in Trondheim, Norway. Statoil’s head of research Lars Høier underlined the importance of research and technology development in his welcome speech, saying, “The opening of the IOR center is a milestone for us, but our main resource is still our clever and knowledgeable colleagues who create wonderful results in applying their skills.” Lien and the mayor of Trondheim officially opened the IOR center. Lien commented, “The NCS is a workplace
February 2024
