FinBrook - EnQuest Farms in to the Bressay Development in.
The Bressay oil field is located across four North Sea license blocks located East of the Shetland Islands in water depths of approximately 110 meters. The field was discovered in 1976, and is considered to be one of the largest undeveloped oil fields in the UKCS. The acquisition will increase EnQuest’s 2C contingent resources by approximately 65%, from 173 to 288 million barrels (MMbbls.
Bressay’s heavy oil will be exported to a nearby floating storage unit before being shipped to market by shuttle tanker. Statoil expects a final investment decision in late 2013 and first oil by early 2018. The participating interests in Bressay Licences are Statoil (Operator) 81.625% and Shell U.K. Ltd 18.375%.
Every effort is made to ensure that the information given herein is accurate, but no legal responsibility is accepted for any efforts, omissions or is leading statements in that information caused by negligence or otherwise, and no responsibility is accepted in regard to the standing of any firms, companies, organisations or individuals mentioned.
Statoil to invest GBP18 billion in North Sea. - World Oil.
Statoil ASA (Statoil), incorporated on March 12, 1995, is an energy company. The Company is engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other. DPN segment manages the Company’s upstream activities on the.
Equinor sells interest in UK oil field development.
Equinor to transfer Bressay oil field operatorship to EnQuest Offshore Technology 15:18 31-Jul-20. In brief: EnQuest To Acquire Part Of Bressay Oil Field From Equinor London South East 13:09 31-Jul-20. EnQuest to operate Bressay field as Equinor halves interest Offshore Energy 12:48 31-Jul-20. Safeway unveils new gangway designed for growing SOV market Riviera Maritime Media 10:15 31-Jul-20.
SNC-Lavalin awarded Statoil's North Sea Bressay Jacket.
The Bressay oil field was discovered east of Shetland in 1976 and Equinor became operator in 2007. The concept selection for the field development was deferred in 2016 due to challenging market conditions and the need to simplify the development concept.
Statoil ASA has awarded an integrated drilling and well services contract for the Mariner heavy oil field in the UK North Sea to Schlumberger Oilfield UK Plc. The 4-year contract begins in.
Equinor: transfers operatorship of Bressay project to.
Statoil ASA was a Norwegian petroleum company established in 1972. It merged with the oil and gas division of Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro. Statoil was the largest petroleum company in the Nordic countries.
The package comprises Shell’s interests in the producing Buzzard, Beryl, Elgin-Franklin, J-Block, Greater Armada cluster, Everest, Lomond and Erskine fields in the UK central North Sea; 10% of its 55% share of theBP-operated Schiehallion redevelopment west of Shetland; and a further stake in the undeveloped, Statoil-operated Bressay heavy-oil field in the East Shetland basin.