Kashagan's Second Phase Concept to Be Presented in Sept.

- Kashagan's Second Phase Concept to Be Presented in Sept.

Friday, June 17, 2011
Knight Ridder/Tribune Business News
by A. Maratov, Trend News Agency, Baku, Azerbaijan


The concept for the Kashagan Field's second phase of development will be revealed in September, according to Chairman of JSC National Company KazMunaiGaz Kairgeldy Kabyldin.

Kashagan is a major oil and gas field in Kazakhstan, located north of the Caspian Sea. Kashagan's geological reserves are estimated at 4.8 billion tons of oil, according to Kazakh geologists.

In the second half of 2010, the head of the KMG said that the terms of implementing the second phase of the Kashagan field may be postponed to 2018-2019. The delay will affect the start of the Caspian oil transportation system project.

As the Kazakh Oil and Gas Minister Sauat Mynbayev said earlier, the postponement of the second phase is due to high costs, which may be incurred by consortium participants. At the same time Mynbayev stressed that the discussions regarding postponement of the second phase will not affect the terms of commercial oil production at Kashagan.

The largest participants of the Kashagan project are currently the companies Eni, KMG Kashagan B.V., Total, ExxonMobil, and Royal Dutch Shell (winner of 16.81 percent of the consortium). Other participants are ConocoPhillips -- 8.4 percent and Inpex -- 7.56 percent.

Copyright (c) 22011, Trend News Agency, Baku, Azerbaijan

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Statoil Preps NCS Fast-Track Projects for Production

Statoil Preps NCS Fast-Track Projects for Production

Tuesday, March 29, 2011

Statoil

 

This will be the year Statoil is planning and realizing several fast-track developments on the Norwegian continental shelf (NCS). Two new projects are being launched these days, namely Gamma/Harepus and Snorre B template.

A plan for development and operation (PDO) of Gamma/Harepus is to be submitted in first quarter 2012, allowing production start-up in the fourth quarter of 2013, at the same time as the Snorre B template.

"The time has really come to industrialize the NCS by moving faster from concept to development," said Ivar Aasheim, head of the field development cluster of Development and Production Norway (DPN).

An active year

"We have come a long way in one year," he said.
"The concept has been established, deliveries with long delivery time have been secured for the first projects, construction of modules has started, and new candidates are continuously being included in our portfolio. We aim to have close to five fields in operation at the turn of the year 2012/2013 and to maintain this level in the years ahead."

After submitting the PDO for Visund South in January the list of planned fast-track projects is as follows: Visund South, Katla, Vigdis North-East, Gygrid, Fossekall and Dompap, Vilje South, Visund North, Gamma/Harepus and Snorre B template.

Unique position

"We have a unique position on the NCS as operator of a large part of the infrastructure in the established areas, allowing us to establish robust and profitable solutions for marginal fields that would otherwise not have been developed," underlined Aasheim. “But this requires greater awareness of costs and standardized solutions."

"This is the beginning of a new era on the NCS, as we move from large and tailored solutions to standardized solutions and work processes to achieve economies of scale," maintained Aasheim.