by Daniel J. Graeber
Washington (UPI) Jul 6, 2017
More natural gas is expected to come out of the Norwegian Sea within the next two years or so, Norwegian energy company Statoil said Thursday.
Statoil said it's agreed on a development solution for the Snefrid Nord gas discovery, located near the Aasta Hansteen field in the Norwegian Sea.
"The discovery, scheduled to come on stream in late 2019, will be tied back to Aasta Hansteen," the company said in a statement.
After making a series of natural gas discoveries there, Norwegian energy company Statoil characterized the Aasta Hansteen reserve area as "one of the main projects" in its portfolio.
A process to lay the 300-mile long Polarled pipeline from the Aasta Hansteen field in the Norwegian Sea across the Arctic Circle to a gas processing plant in Norway began in 2015. Progress for Aasta Hansteen has slowed, however, and the company canceled its lease contract last year with rig company Seadrill for the West Hercules platform, which was set for relocation to the Aasta Hansteen field.
For the Snefrid Nord development, however, the company said its already made arrangements with services companies Aker Solutions and Subsea 7 to provide support for the infrastructure needed for development.
"We are pleased to see that Snefrid Nord generates spin-offs," Torolf Christensen, the project director for Statoil, said in a statement.
Norway is one of the leading oil and natural gas exporters to the European market. National figures show gas production and sales have been on a slow decline for much of the year, though a regulator said part of that was because of natural market fluctuations.
Beijing (AFP) July 2, 2017
China is drilling deep into the ocean floor in the hope of tapping vast deposits of a frozen fossil fuel known as "combustible ice" but it will be years before it is part of the global energy mix. Gas hydrates are found in the seabed as well as beneath permafrost but experts say extracting methane from the ice crystals is technologically challenging and expensive. Energy-guzzling China, ... read more
All About Oil and Gas News at OilGasDaily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|