Tag: Statoil

Statoil now owns 100% and continues as operator of the Leismer and Corner development projects with PTTEP owning and operating 100% of the Thornbury, Hangingstone and South Leismer areas.

Aibel will continue as Statoil's largest supplier of maintenance and modification services for another two years, with Statoil fulfilling an option to extend the contract with two more years. The extended contract has a total value of around EUR 0.

Statoil has made a third discovery of crude oil in the Flemish Pass Basin, offshore Newfoundland. The discovery was made on the Bay du Nord prospect (EL1112), located approximately 500km northeast of St.

Statoil and Stadtwerke Düsseldorf have signed a 15-year arrangement for the supply of natural gas to Stadtwerke Düsseldorf's upcoming 600-MW gas power plant (CCGT) in Lausward/Düsseldorf, Germany. The power plant is expected to become one of the most efficient plants worldwide, as the heat produced will be used for the district heating system.

Statoil was the highest bidder on 6 licences in Brazil's 11th licensing round, the first licencing round in the country since December 2008. With the new licences, Statoil has strengthened its position in the Espirito Santo basin.

Statoil and co-venturer ExxonMobil are pleased to announce their third high impact discovery in Block 2 offshore Tanzania in a year. The discovery of 4-6 TCF of natural gas in place in the Tangawizi-1 well brings the total in-place volumes up to 15-17 TCF.

Stainless Steel Fasteners Ltd (SSF), a leading UK manufacturer of high-integrity specialist fasteners, is the first fastener manufacturing company to be awarded NORSOK M-650 accreditation by Statoil ASA. SSF has been qualified for the hot forging of its range of super duplex stainless steel fasteners.

On 25 February, Statoil and its partners began production from the Hyme oil field in the southern part of the Norwegian Sea. Hyme is the second of Statoil’s 12 Fast-track projects.

“The field came on stream one month earlier than we assumed in the Plan for Development and Operation.

Technology business LUX Assure has received GBP 3.25M to transform the company from a technology development business to a service provider for the oil & gas industry.

The investment comes from ConocoPhillips; Statoil Technology Invest AS; Archangel Informal Investment (Archangels); and the Scottish Investment Bank (SIB), a division of Scottish Enterprise.