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Latest News from Statoil

Published Dec 13, 2012 4:58 PM by The Maritime Executive

Production resumed at Hammerfest LNG

Hammerfest LNG is back in normal production after the temporary closure of the plant following a power failure on Monday 19 November.

Interference to the power system, which arose during maintenance work on the plant’s battery-based reserve power supply, led to the plant’s own power and that from the grid being switched off.

Statoil’s share of Snøhvit’s production amounts to around 50,000 barrels of oil equivalents per day.

Snøhvit, which is the first petroleum development in the Barents Sea, is without any installations on the surface of the sea. Large volumes of natural gas are piped ashore and then chilled at Hammerfest LNG on Melkøya, the world’s most northerly, and Europe’s first LNG export facility.

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Brugdan II well temporarily suspended

Statoil and its partners ExxonMobil and Atlantic Petroleum have decided to temporarily suspend operations on the Brugdan II well offshore the Faroe Islands.

The Brugdan II well has drilled into the sub-basalt section, but the primary objective has not yet been reached.

The decision to suspend the drilling is based on the expected bad weather as we enter the winter season. The Faroese authorities have authorised a suspension until end 2013.

The well is located around 80 km offshore from the Faroe Islands and was spud in June 2012. It has been drilled with the COSL Pioneer semi-submersible rig in a water depth of around 450 meters.

The Brugdan II well is the second exploration well that has been drilled in licence 006 which covers an area of approximately 579 square kilometres.

Statoil has been in the Faroe Islands since 2000 and holds a significant acreage position with 6 operated licences. The licences are all sub-basalt and have a varied geology within different plays.

The position in the Faroe Islands is in line with the company's exploration strategy of early access of scale and establishing a leading position in frontier areas.

Statoil Færøyene AS has 50% equity in the Brugdan licence. The partners are partners ExxonMobil Exploration and Production Faroe Islands Ltd 49% and Atlantic Petroleum P/F 1%. The Brugdan II well is the 8th exploration well drilled in Faroese waters since 2001.