A/S Norske Shell continues to be the technical service provider of the Nyhamna Gas Processing Plant and partner in the Norwegian full-scale carbon capture and storage (CCS) project Northern Lights and CCS test facility at Mongstad, the release said. Its commitments include serving as operator of Ormen Lange and Knarr fields and as partner in Troll, Valemon and Kvitebjørn. Shell said it remains committed to Norway. RELATED: Shell, Nephin Energy Holdings Complete $1.3 Billion Ireland Asset Sales Deal 30 its exit from Ireland’s upstream sector, with the closure of an up to $1.3 billion deal with Canada Pension Plan Investment Board subsidiary Nephin Energy Holdings Ltd. The sale was part of Shell’s $30 billion divestment program. It was made possible by good collaboration between Shell and OKEA and with constructive dialogue with the Norwegian Authorities,” Rich Denny, managing director of A/S Norske Shell, said in the release. “Today’s deal completion was achieved despite a tight timeline from the sales and purchase agreement in June 2018. Just more than 150 staff will transfer from Shell to OKEA, according to the release. ![]() The fields represented about 14% of A/S Norske Shell’s total production in 2017. 30.Ĭompletion of the deal marks Shell’s exit from its 44.56% operated interest in the Draugen Field and 12% non-operated interest in the Gjøa Field. Meritorious Awards for Engineering Innovation (MEAs)Ī/S Norske Shell has completed the sale of its interests in Draugen and Gjøa fields offshore Norway for NOK 4.52 billion (about US$526 million) to OKEA AS, Shell said in a news release Nov.Rextag database of energy infrastructure assets Prices for top E&P stocks and commodities. Information on assets, buyers and sellers, deal values, and more.Ī searchable database of oil and gas debt and equity offerings. Partnership: Equinor (operator, 42.5%), Wintershall Dea (27.5%), Vår Energi (17.5%) Neptune Energy (12.5%).Database of selected U.S. ![]() In addition to being a commercial development project by itself, Hyme helps extend the productive life of the Njord field. Draugen operator OKEA ASA and partners Petoro AS and Neptune Energy Norge AS have made the decision to develop the Hasselmus gas. The field development concept includes a production well and a water injection well drilled through a four-slot subsea template. The field is tied back to the existing infrastructure on Njord A. The Hyme field was discovered at Haltenbanken in June 2009, 19 kilometres northeast of the Njord A platform. Hyme is a small oil field developed by means of a subsea installation tied back to the Njord A platform. Partnership: Wintershall Dea (50%), Equinor (operator, 27.5%), Neptune Energy (22.5%). Location: Block 6407//10, some 130 kilometres northwest of Kristiansund and 30 kilometres west of the Draugen field. The Neptun-operated Fenja field is linked to the Njord A installation and also started producing in April. In April 2023, production started from the Bauge subsea field. ![]() Now the field will produce for another 20 years and the ambition is to produce as much as has been produced up to today, over 250 million barrels of oil equivalent. In December 2022, production Njord started up again. In the period from 2016 to 2022, the platform and the storage ship underwent an extensive rebuild and were prepared for operation until 2040. The Hyme field is connected to the Njord A facility and started production in 2013. ![]() The field was originally supposed to produce until 2013, but increased recovery rates and new discoveries near the field have made it possible to extend the field's economic life. Production started in 1997 and in the period up to 2016 the field produced 167 million barrels of oil and 11 billion standard cubic meters of gas. Njord was discovered in 1986, and the plan for development and operation (PUD) was approved in 1995.
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