North Sea Glitne field to remain active through 2014

Offshore staff

TRONDHEIM, Norway – Statoil (OSE:STL, NYSE:STO) and its partners in North Sea license 048 B have contracted Teekay to perform maintenance on the FPSO Petrojarl I.

This program should extend production from the Glitne field through 2014.

Under the original development plan submitted in 2001, Glitne had a predicted lifespan of three years. But a combination of new technology and improved understanding of the field properties have prolonged its life span by almost a decade.

Glitne official Kristin Gjertsen said: “We have had to face several obstacles along the way, both of a contractual and technical nature, as well as with regard to rig access. The fact that these have now been successfully managed is the result of a good and long-term effort from all involved parties.

“The drilling of a new well is scheduled to commence in the beginning of March. If it proves successful it will increase production substantially, providing the company with good revenues.”

2/9/2012

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...