Statoil On Track with Mariner Project

- Statoil On Track with Mariner Project

The concept chosen for the Mariner heavy oil project on the UK continental shelf includes a production, drilling and quarter (PDQ) platform based on a steel jacket, with a floating storage unit (FSU).

Statoil expects a final investment decision in late 2012 and first oil in late 2016.

The Bressay heavy oil project on the UK continental shelf is also progressing according to plan, one year behind Mariner, to ensure transfer of learning and synergies.

The Mariner and Bressay projects were presented at a press briefing by Statoil's executive vice president for Development and Production International, Peter Mellbye, at SPE Offshore Europe 2011 in Aberdeen.

"After a period of uncertainty, I am proud to be able to say that we are back on track with the landmark Mariner and Bressay developments. To be able to once again move these projects forward is important for Statoil and its partners, as well as for the UK and for the Aberdeen region," said Mellbye.

The ultra-heavy oil projects will require pioneering technology in order to be developed. Since its discovery thirty years ago, the Mariner field has been subject to a number of development studies by different operators.

Statoil is the first company ready to put forward a development concept that will fully address the complexities of this field, in particular related to reservoir management, recovery rates and project execution.

Statoil has extensive heavy oil experience, including the successful development of the Grane field in Norway and the Peregrino field in Brazil.

Because of the low well flow rates and early water break-through there is a need for many wells, artificial lift, and a process designed to handle large liquid rates and oil-water emulsions.

A total of 145 reservoir targets for production or injection are planned for Mariner. While the number of well slots at the platforms is less, this will be solved through use of multi-branch technology, sidetracks and reuse of slots.

The Mariner and Bressay projects will entail a gross investment of roughly GBP 6 billion. Statoil estimates lasting employment of at least 700 individuals, mainly locals, directly involved in its operations, and the establishment of a new operations centre in Aberdeen. The indirect employment of numerous others in the supply and service sectors comes in addition to this.

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E. On Ruhrgas to Spin Bit in North Sea

- E. On Ruhrgas to Spin Bit in North Sea

Thursday, June 23, 2011
Petroleum Safety Authority Norway

E. ON Ruhrgas has received consent to carry out exploration drilling of well 31/8-1 in the northern part of the North Sea with the Borgland Dolphin mobile facility.

The well will be drilled in production license 416, approx. 75 kilometers west of Bergen and 16 kilometers southwest of the Troll field.

The well has the coordinates N 60° 22' 11.2", E 03° 34' 04.9". The water depth at the site is approx. 300 meters.

Drilling is scheduled to start in June 2011 and will last 41 days, or 69 days in the event of a discovery.

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Commodity Corner: Oil Declines on Lackluster Jobs News

- Commodity Corner: Oil Declines on Lackluster Jobs News

Friday, June 03, 2011
Rigzone Staff
by Matthew V. Veazey

Crude oil for July delivery lost 18 cents Friday to settle at $100.22 a barrel after the U.S. Department of Labor released data suggesting that reports of an economic recovery may be premature.

According to the federal agency, the U.S. economy added 54,000 nonfarm payroll jobs in May—well below what analysts had anticipated. By comparison, the Labor Department reported last month that the U.S. workforce added 244,000 nonfarm payroll jobs in April.

The Labor Department also reported Friday that the country's official unemployment rate edged upward 0.1 percentage point in May to 9.1 percent.

Front-month crude oil peaked at $100.87 and bottomed out at $98.12 Friday. For the week, oil is down 0.4 percent.

July natural gas also ended the day lower, falling eight cents to settle at $4.71 per thousand cubic feet. The decline stems from predictions of milder temperatures in the Midwest and Northeast, lessening demand for electricity to power air conditioners in the regions.

The July contract price for gas traded from $4.715 to $4.81 Friday. Overall, natural gas is up 4.2 percent for the week.

July gasoline gained two cents to end Friday's trading at $2.99 a gallon—the intraday high. The price floor for the session was $2.92, and gasoline is down 3.2 percent for the week.

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