by Daniel J. Graeber
Washington (UPI) Apr 19, 2017
The start of production from an oil field in the Danish waters of the North Sea could serve as a testing ground for future development, a German company said.
The regional subsidiary of German energy company Wintershall, Wintershall Noordzee, said Wednesday it started production from the Ravn field, its first in the Danish waters of the North Sea.
The company said the field was developed using what it called an "appraisal through development concept," which makes it so the company can both test and develop the reservoir's performance. Wintershall said this could open the door for further field development options.
"Ravn paves the way for potential further oil and gas developments in this region," Robert Frimpong, the company's managing director, said in a statement.
Wintershall confirmed the presence of oil in the Ravn field during its operations in 2009. At the time, the company said that previous operators, working in the field in the late 1980s, said discoveries in there area were commercially unattractive for development.
In December, regional counterpart Maersk Oil said the lack of a viable economic solution for the Tyra natural gas field, the largest in the Danish North Sea, meant production will end in late 2018. The company said that, even after spending more than $140 million on reinforcing structures associated with production over the past 15 years, safety was becoming a clear factor.
Wintershall said crude oil from the Ravn field is fed into the existing export network to the Dutch market.
Riyadh (AFP) April 19, 2017
The United States wants to see a strong Saudi Arabia, Defence Secretary Jim Mattis said during talks Wednesday aimed at reinvigorating the Riyadh-Washington alliance. Mattis, meeting the most powerful figures in the Saudi capital, also hinted that President Donald Trump could visit the kingdom, a longtime US ally which has welcomed Washington's firmer line against common adversary Iran. ... 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|