Stay Connected

Norway approves two North Sea projects

Offshore staff

TRONDHEIM, Norway – Norway’s parliament has approved the development plans for the Ivar Aasen and Gina Krog projects in the Norwegian North Sea. Both will be developed with fixed platforms.

The Ivar Aasen field holds an estimated 150 MMboe, and could be in production for 20 years. Operator Det Norske Oljeseslkap estimates the overall investment cost at $4.22 billion. Ivar Aasen will be developed and operated from a new center in Trondheim. Partners are Statoil and Bayerngas Norge.

Gina Krog holds an estimated 225 MMboe, and will cost about $5.33 billion to develop. First oil is scheduled for 1Q 2017.

3/25/2013

Ivar Aasen platform
Ivar Aasen platform

Related Articles

Mooring problem halts operations at Chestnut in North Sea

Nov 22, 2013

Centrica Energy has temporarily suspended production from the Chestnut oil field in the UK central North Sea.

Aker gains extension for Norway maintenance program

Nov 22, 2013

Statoil has awarded Aker Solutions a two-year extension to a maintenance and modifications contract offshore Norway.

Trending News

Hoover Container Solutions moves to new Australian complex

Oct 22, 2014

Hoover Container Solutions Pty Ltd., a subsidiary of Hoover Group Inc., has moved to a larger and newly renovated facility in Perth, Western Australia, to accommodate its expansion in the region.

UT-led team to study GoM hydrates as energy source

Oct 22, 2014

A research team led by the University of Texas has received $58 million to analyze deposits of frozen methane offshore under the Gulf of Mexico to establish its potential to increase the world’s energy supply.

Norway’s high taxes hinder Arctic oil viability

Oct 22, 2014

States and international oil companies are banking on the Arctic as a major source of future oil and gas production, but the high costs and risks involved with operations in the area mean that an attractive fiscal regime is essential if developments are to be commercially viable, says an analyst with research and consulting firm GlobalData.

Offshore Photo of the Day

Total names de Margerie’s successors

Oct 22, 2014

Total has appointed Thierry Desmarest as chairman of the board of directors and Patrick Pouyanné as CEO and president of the Executive Committee.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>