The first phase development, with a 5-year drilling programme, and focused on the northern area of the field will be followed by a second phase, which will focus on the western and south areas of the Bentley field.
After several media reports saying that Statoil is postponing the development of Bressay field, Offshore Energy Today reached out to the Norwegian company seeking confirmation of these reports. The Norwegian company became the operator of the Bressay field in and it holds One of them, P, was due to expire in July and is now extended to December The Mariner field development continues, and we are actively pursuing opportunities to increase value creation from the Mariner area.
Statoil earlier said it aimed for first oil in the first quarter of and for Bressay to operate for 30 years. In October the Bentley license was reviewed in order to ascertain the appropriate field determination boundary for agreement with the OGA and the boundary of the Bentley oil field has been accepted subject to formal FDP approval.
After several media reports saying that Statoil is postponing the development of Bressay field, Offshore Energy Today reached out to the Norwegian company seeking confirmation of these reports. It also envisioned a floating storage and offloading unit and pipelines.
At the same time the company announced that they anticipate submitting a field development plan to the OGA in Image courtesy of Statoil.
The company announced in their third quarter results that technical and commercial due diligence on the Bentley field had been completed by a potential field development partner, but that they remained very actively engaged with a wide range of parties in order to maximise the opportunity to secure the required funding.
This was the first licensing round in which Promote Licences had been awarded and represented an important initiative from the UK licensing authorities to encourage small and new-start companies to acquire and promote acreage.
The Mariner and Bressay.
Statoil puts bressay field development on ice offshore energy today The Norwegian company became the operator of the in and it Posted on March. Recoverable reserves in Bressay are estimated at million barrels of oil.
The Bressay discovery stretches over four licences.
In August a successful extended well test was performed to gather more data on the reservoir properties and water cut by using the jack-up Rowan Norway. Statoil sets timeline for Bressay heavy-oil field development Statoil expects to make a final investment decision in on the Bressay heavy-oil.
Statoil sets timeline for Bressay in North Sea. There was no further activity on the block until when Xcite applied for, and were awarded, a Promote License on the block during the UK 21st Licensing Round. FDP submission is currently pending commercial and funding discussions which are ongoing as of May In an e-mail to Offshore Energy Today, Statoil spokesperson said: Norwegian operator Statoil and Shell have decided to put the concept selection process for the Bressay field on the UK Continental Shelf.
Bressay Oil Field Related Pages. We have made significant progress through innovative solutions, and achieved substantial improvements in the business case, compared to earlier development concepts. Statoil and partner Shell have therefore decided to halt the current concept selection process.
Separately, that the company has committed a significant amount of time to a technical review of the Bentley field development concept with the United Kingdom Oil and Gas Authority.
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Society of Petroleum Engineers. The company said that, through the work on the subsea solution, the level of costs had been significantly reduced.
Offshore Energy Today Staff. CONTINUE Bressay field statoil hydro - Articles Blog Bressay, discovered inlaid dormant for decades because it was too expensive to develop but Statoil revisited the project, along with Mariner, after technological advances reduced costs.BRESSAY MARINER Mariner Field: a challenging UK heavy oil development: Statoil - SPE Meeting 25 Sep −Offshore North Sea environment Mariner Field: a challenging UK heavy oil development: Statoil - SPE Meeting 25 Sep Mariner Field: a challenging UK heavy oil development: Statoil - SPE Meeting 25 Sep.
North Sea: Block: 9/3b: The Bentley Oil Field is a heavy oil field located on the East Shetland Platform in the UK Northern North Sea, and operational information for the evaluation of potential synergies and collaboration.
OSLO (Reuters) - Norwegian oil and gas firm Statoil (OSL:STL) has delayed the development of its Bressay heavy oil field in the UK North Sea, hoping. Statoil puts Bressay field Upstream Norwegian operator Statoil is pursuing plans to revive its Bressay heavy oil field development in the UK North.
Statoil and its partners Eni and Nautical Petroleum have selected a development concept for the Mariner heavy oil field project in the northern UK North Sea. Statoil rethinks North Sea Bressay plan.
Statoil has indicated it is to “re-evaluate” the development concept for its Bressay heavy oil field in the UK North Sea and it has also decided to delay a field development decision. Statoil expects to make a final investment decision in on the Bressay heavy-oil field east of Shetland in UK waters.
Statoil sets timeline for Bressay in North Sea. 10/07/ Offshore staff. STAVANGER, Norway – Statoil expects to make a final investment decision in on the Bressay heavy-oil field east of Shetland in UK waters.Download