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 An oil and gas discovery has been made by StatoilHydro in the Nona prospect ten kilometres south east of the Åsgard field in the Norwegian Sea. Based on preliminary calculations the size of the find is between 13-31 million barrels of oil and 1-2 billion standard cubic metres of gas. “The Nona discovery further confirms [...]  The Norwegian Petroleum Directorate has cut by 20 percent its best estimate of how much oil and gas lies in the budding near-arctic oil province of the southern Barents Sea, it was revealed Tuesday. In its Resource Report 2009, the NPD also trimmed by 12 percent the reserves it expects oil companies to find [...]  The world’s deepest hot tap operations on a pressurised pipeline have been performed on the Ormen Lange field in the Norwegian Sea during early August, reports StatoilHydro. “Being able to connect a spur to a producing pipeline yields significant cost savings,” says Bjørn Kåre Viken, vice president for marine technology and operations in StatoilHydro. [...] U.K.’s third largest producer of natural gas, BG Group, has started a seismic survey of its Norwegian Sea license as it expands beyond the North Sea into the Arctic. In April, BG got 40 percent equity and operatorship of license 522 in the Norwegian Sea and of license 534 in the Barents Sea, Bloomberg reports. [...]  June 19 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, made a natural gas discovery at a record depth in the northern Norwegian Sea that may equal the size of Norway’s annual production of the fuel. The find was made in the Gro prospect 360 kilometers (224 miles) offshore Brønnøysund in Nordland and [...]  On June 9, ASCO Norge, part of the international logistics specialist ASCO Group, was awarded two contracts for the provision of supply base services for BP’s Skarv development in the Northern North Sea following a competitive tender process. The awards, which have a combined value of NOK 90 million, are the Supply Base Infrastructure [...]  StatoilHydro Petroleum AS, operator of production licence 312, has concluded the drilling of wildcat well 6407/6-7 S. The well, which proved gas, is located seven kilometres south of the Mikkel field in the Norwegian Sea. The purpose of the well was to prove gas in the Middle Jurassic, and this was indeed proven. Preliminary estimates [...]  The management plan for the Norwegian Sea presented by government last week bans oil drilling in several coastal areas, but at the same time opens up for drilling in new places in the Arctic, among them in the waters around Jan Mayen. By Barentsobserver.com In its management plan for the Norwegian Sea, the Norwegian government [...]  The Ministry of Petroleum and Energy has announced the awards of 21 new production licenses in the 20th Licensing Round, saying it is an important contribution to new industrial activity and jobs at a time when Norway is in the middle of a serious economic situation. “The licensing round is also part of the [...]  In spite of a global oil price decline, the exploration drilling rate is higher than ever on the Norwegian continental shelf, writes the Barents Observer. In the first three months of 2009, 16 wells have been opened for exploration drilling. If this rate continues, 2009 will turn out to be a record breaking year [...] |
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