No new money: KNOC
KNOC has confirmed it will not put any more money on the table to try and complete its hostile £1.67 Bn (US $2.57 Bn) takeover of Dana Petroleum.
[Les mer ] • Company news
Download the last issue
of the Offshore & Energy
magazine here:
RSS feed
Get newsfeed from Offshore247.com.
Instructions
Equivalent to three Skarv fields
Published 16.04.2010 10:16:06 by Elisabeth Kolstad
Updated calculations show that the Lofoten and Vesterålen areas' oil and gas resources are equivalent with three Skarv fields."This makes the waters off Lofoten and Vesterålen very attractive, "says Gro Brækken in the Oil Industry Association (OLF).
Based on new geological data, the Norwegian Petroleum Directorate updated the estimate of how much oil and gas are located under the seabed in the Nordland VI, Nordland VII and Troms II. Although the NPD's resource estimate has been somewhat lowered, however, the estimates indicate that there is still 1.3 billion barrels of oil equivalent.
"This is only an estimate. It is well known, that we must explore to find it. It is impossible to say anything for certain about the oil and gas volumes before the drilling is completed, "said Brækken.
The Director General Bente Nyland emphasised that the estimates are uncertain until the drilling is completed.
In Norway, there has been a tradition for the oil majors to gaine access to geological data from the government. This is partly done so that several parties can contribute to the interpretation of the data, in order to get the best overview possible, of the formations below the seabed.
"The industry should also get access to the geological data this time. This way, the experts in the industry can help ensure the most accurate overview of opportunities in the promising areas off Lofoten and Vesterålen", says Brækken.There is uncertainty associated with the estimate for the undiscovered resources. However, this uncertainty can be reduced over time, e.g. through staged exploration including the drilling of exploration wells.
Resources
 |
 |
||
 |
 |
||
Related stories
GDF Suez buys into Dovregubben
Det norske oljeselskap sells a five interest in the licence east of Ormen Lange on the Norwegian Continental Shelf to GDF Suez.
[Les mer ] • Field information
Saturn moves to Trinidad
Rig owner Songa Offshore has secured a deal to relocate one of its rigs from the Mediterranean Sea to Trinidad.
Chevron enlarges West African stake
Chevron hast stepped into more deepwater offshore West Africa by taking a stake offshore Liberia.
KNOC will not raise offer
Korea's National Oil Corporation won't raise its offer to buy out UK independent Dana Petroleum according to a national newspaper.
[Les mer ] • Company news
Athena contracts come out
Operator Ithaca Energy has confirmed contracts with a Norwegian supplier for a new UK FPSO and a drilling contractor for its North Sea Athena development. Internationalaward
[Les mer ] • Field development
Gov. & Ass.
Search
Top stories
- 9 .9 STX builds LNG vessel for Olympic
- 9 .9 Kraken test completes
- 9 .9 Spring sells discoveries
- 9 .9 No new money: KNOC
- 9 .9 GDF Suez buys into Dovregubben
- 9 .9 Skandi Aker elected Ship of the year
- 9 .9 Saturn moves to Trinidad
- 9 .9 Chevron enlarges West African stake
- 9 .9 KNOC will not raise offer
- 9 .9 Athena contracts come out
Go to front pageOffshore.no
- 9 .9 Statoil-studier til Fabricom
- 9 .9 Westcon kjøper Norwegian Offshoreservice
- 9 .9 Aibel åpner kontor i Harstad
- 9 .9 STX bygger skip for Olympic
- 9 .9 Talisman har handlet for en milliard
- 9 .9 Songa Saturn fra Malta til Trinidad
- 9 .9 Sp fikk 700.000 av kraftselskaper
- 9 .9 BW Carmen til Ithaca Energy
- 9 .9 Pazflor: - Et mesterverk
- 9 .9 GDF Suez inn i Dovregubben
Go to Offshore.no
© 2008 Offshore Media Group AS. All Rights Reserved.Publisher: Offshore Media Group, Box 1335 Vika 0112 Oslo
Editor in chief: Helge Keilen. Online editor: John Bradbury.
Telephone: +47 22 83 83 68 | +47 56 31 40 20 | +47 51 56 42 80
Tips: redaksjonen@offshore.no
:
