Tuesday, March 31, 2020

Idemitsu Petroleum News

PGNiG Acquires Duva Field in Norway

Image: PGNiG

PGNiG Upstream Norway, a subsidiary of Polish Oil and Gas Company (PGNiG), has obtained a final administrative consent to purchase additional 10% interests in the PL636 and PL636B licences in the North Sea.Following the transaction, PGNiG Upstream Norway’s (PUN) interests in both licences increased to 30%. As a result, the volume of Duva field gas production…

Pandion Energy Completes Duva Stake Sale

Jan Christian Ellefsen, CEO, Pandion Energy. (Photo: Marte Garmann)

Norwegian oil and gas company Pandion Energy has completed the sale of its 10 percent non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 686B.According to Pandion Energy it was previously announced transaction with Solveig Gas Norway AS.The Duva oil and gas field is located in the northern North Sea and was discovered in the autumn of 2016.

PGNiG Ups Stake in Duva Field, Norway

Pic: PGNiG

PGNiG Upstream Norway bought 10 percent shares in the PL636 and PL636B licenses in the North Sea from Pandion Energy, thus increasing its ownership in the Duva field to 30 percent.Duva oil and gas field (formerly Cara) is located in the Norwegian sector of the North Sea at a water depth of 360m. The field is jointly owned by Idemitsu Petroleum Norge (30%), Neptune Energy Norge (30%…

Contract Awarded for Hywind Tampen

Illustration of the Hywind Tampen project. Dimensions and distances are not realistic. (Photo: Equinor)

Gulen Industrial Harbour in Sogn og Fjordane county has been awarded the contract for assembly site for the floating Hywind Tampen wind turbines before they are transported to the field in the North Sea.No work will commence prior to an investment decision for Hywind Tampen.Hywind Tampen could become the world’s first project to use wind turbines for electrification of oil and gas installations.

Lundin Petroleum Says Arctic Oil Test Points to Bigger Reservoir

(Photo: Lundin Petroleum)

Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms, but Alta is among the exceptions along with ENI's Goliat field and Equinor's Johan Castberg discovery.Lundin…

OMV Drills Dry Well in Barents Sea

Austrian oil and gas firm OMV drilled a dry well in the Barents Sea, southeast of the "Wisting" oil found, the Norwegian Petroleum Directorate said on Friday. OMV holds 25 percent in the licence 537. The other partners include Idemitsu Petroleum, Petoro and Tullow Oil with each holding 20 percent, and Statoil with 15 percent. Reporting by Stine Jacobsen

BG Group Produces First Oil from Knarr Field

Petrojarl Knarr (Photo: BG Group)

BG Group announced the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel had started production from the Knarr oil field in the North Sea, offshore Norway. The FPSO has been leased from Teekay Corporation and is moored approximately 120 kilometers off the Norwegian coast. It has a production capacity of 63,000 barrels of oil equivalent per day and a storage capacity of 800,000 barrels.

BG Group Comes up Dry off Norway

British oil firm BG Group has drilled two dry wells in the Norwegian sector of the North Sea close to the Knarr field, the Norwegian oil directorate said on Monday. The wells will now be permanently plugged and abandoned, it added. Shareholders in the licence include operator BG Group with 45 percent, Idemitsu Petroleum with 25 percent, Wintershall, a unit of Germany's BASF…

Full Production at Snorre B North Sea Platform

Statoil's Snorre B platform in the North Sea. Photo: Statoil

Statoil's Snorre B platform in the North Sea is back in full production, the Stavanger Aftenblad daily reported on Friday. Production at the platform was stopped in May following power cuts and a shift in the ground under a seabed installation. Partial production resumed on May 23 but it was unclear until now when full production would resume. Statoil was not immediately available for comment.

Statoil: Partial Production at Snorre B Platform

Statoil image: Snorre B platform in the North Sea.

Norway's Statoil said on Friday it had resumed some production at its Snorre B platform in the North Sea but it was as yet unclear when full production would resume. "Production from (one) template will remain shut in until further examinations have been concluded. The other production from Snorre B has now resumed," Statoil said in a statement. Statoil's partners at the field include state-owned Petoro…

"Soil Shift" Shuts Down Statoil Snorre B Platform

Snorre B - Photo Harald Pettersen - Statoil.jpg

Statoil shut oil production at its Snorre B platform in the North Sea and evacuated a quarter of the personnel there after detecting a soil shift under a drilling template and then oil leak, the company said on Monday. The Snorre field in the northern part of the North Sea is Norway's fourth-biggest oil producer with output averaging 88,000 barrels of oil per day in 2013, data from Norwegian Petroleum Directorate (NPD) showed.

Statoil Shuts Snorre B Platform, Evacuates Some Personnel

Photo courtesy of Statoil

Norwegian energy firm Statoil shut oil production at its Snorre B platform in the North Sea and evacuated a quarter of its personnel after detecting a soil shift under a drilling template, the company said on Monday. Production was first shut on Saturday then halted again on Monday when more problems were discovered during a restart attempt, the firm said. "Production was shut again on Monday after detecting an oil leak…