Subscribe free to our newsletters via your
  Oil and Gas News from OilGasDaily.Com  




Subscribe free to our newsletters via your




















OIL AND GAS
Statoil to develop cross-border gas field
by Daniel J. Graeber
Stavanger, Norway (UPI) Aug 11, 2016


disclaimer: image is for illustration purposes only

Developing a natural gas basin straddling the maritime borders of the United Kingdom and Norway will be a win-win for the industry and Oslo, a regulator said.

The Norwegian Petroleum Safety Directorate said it was surveying the latest development plan for the Utgard discovery, a discovery made in the early 1980s and considered several times for development. Norwegian energy company Statoil is the operator and could develop the area in Norwegian waters with up to four wells that would be tied into existing production facilities.

"The NPD expects that the realization of the resources in Utgard will contribute to value creation for both the Norwegian society and the licensees," Tove Francke, a development director for the agency, said in a statement.

Statoil submitted its project development plans to the government earlier this week. At its peak, the company said the field could produce as much as 245,000 cubic feet of oil equivalents per day in natural gas and an ultra-light form of oil known as condensate.

Capital spending will be around $420 million dollars and first production is expected by late 2019. Norway is one of the top oil and natural gas suppliers to the region and Statoil said Utgard is its first in several years that straddles maritime borders.

"Good and efficient cooperation across the board, both in relation to partners and government authorities, has made this development possible," Torger Rod, a vice president in charge of project development, said in a statement.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Texas to streamline rules to help energy sector
Austin, Texas (UPI) Aug 10, 2016
A Texas state energy regulator said it was cutting some of the red tape so those working in the oil and gas industry could better survive the downturn. The Texas Railroad Commission, the state's energy regulator, introduced nearly a dozen initiatives aimed at reducing some of the regulatory burdens, including a scheme meant to erase some redundancies in the drilling permit process. ... read more


OIL AND GAS
Low sales prices hit Czech power giant CEZ in H1

New MIT system can identify how much power is being used by each device in a household

ORNL-led study analyzes electric grid vulnerabilities in extreme weather areas

Carbon-financed cookstove fails to deliver hoped-for benefits in the field

OIL AND GAS
A quick-destructing battery to power 'transient' devices

Chemists create vitamin-driven battery

More power to you

New catalyst for hydrogen production

OIL AND GAS
Biofuel production technique could reduce cost, antibiotics use

Patented bioelectrodes have electrifying taste for waste

The Thai village using poop to power homes

Bioenergy decisions involve wildlife habitat and land use trade-offs

OIL AND GAS
China city 'suspends' Sino-French nuclear project after protests

China warns UK ties at 'crucial juncture' over nuclear plant

Thousands protest possible China-France nuclear project

Shifting from Russia, Ukraine strikes US nuclear fuel deal

OIL AND GAS
Newly discovered 'blue whirl' fire tornado burns cleaner for reduced emissions

Hidden, local climate impacts of drought-friendly vegetation

U of T researchers reduce climate-warming CO2 to building blocks for fuels

Mountain environments more vulnerable to climate change than previously reported

OIL AND GAS
NREL assesses strategies needed for light-duty vehicle greenhouse gas reduction

VW fined by Italy watchdog over 'dieselgate'

A car cocktail: Ford, tequila-maker mix for auto parts

Chinese media question 'straddling bus' firm

OIL AND GAS
Iraq judiciary drops corruption case against speaker

IS 'weakening' inside Iraqi city of Mosul: Pentagon

Iraq's widely reviled parliament mired in turmoil

IS kills people trying to flee Iraq town: officials

OIL AND GAS



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News








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. 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