Total and NIOC sign contract for the development of phase 11 of the giant South Pars gas field

by Timothy Reeder | Jul 4, 2017 | News

Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world’s largest gas field. The project will have a production capacity of 2 billion cubic feet per day or 400,000...

Gina Krog on stream

by Timothy Reeder | Jul 4, 2017 | News

At 17.02 CET on 30 June, Statoil started production on the Gina Krog oil and gas field in the North Sea. Statoil and the partners invest a total of some NOK 31 billion in the development of the Gina Krog field. “We are proud to have delivered Gina Krog with a good HSE...

Statoil Getting off to a good start in the Barents Sea

by Timothy Reeder | Jul 4, 2017 | News

Statoil and partners ENI and Petoro have made an oil discovery in the Kayak well in the Johan Castberg licence. Totalling between 25 and 50 million barrels of recoverable oil equivalents, the discovery may provide valuable additional volumes for the Johan Castberg...

Kick-off for Statoil’s UK exploration campaign

by Timothy Reeder | Jul 4, 2017 | News

Statoil will soon commence a three-well exploration drilling campaign on the UK continental shelf. In early July, the Transocean Spitsbergen semi-submersible rig will spud the first well in the campaign. “This is an exciting campaign testing three very different...

Statoil evaluating new CO2 storage project on the Norwegian continental shelf

by Timothy Reeder | Jul 4, 2017 | News

Gassnova has assigned Statoil to evaluate the development of carbon storage on the Norwegian continental shelf (NCS). This will be the first storage site in the world receiving CO2 from several industrial sources. The storage project is part of Norwegian authorities’...