Ormen Xxxxx Sample Clauses

Ormen Xxxxx. Feasability Study 2000 Concept selection 2002 Appraisal well July 2000 Constrution and Installation,land and sea 2004-2007 Production Start 2007 Approved by the Norwegian Parliament April 2004 Ormen Xxxxx gas field is the second largest gas field offshore in Norway and third largest output of gas in Europe. Xxxxx discovered this field in 1997 and started production in 2007. The location of Ormen Xxxxx is 120 kilometres off Midwest coast of Norway and around 850 meters to 1100 meters depth. Partners in Ormen Xxxxx license are Statoil ASA, Petoro AS, Shell, Norway’s Petoro AS and Exxon Mobil Corp. These companies share risks and profits when they decide to do the investment. The development phase in this field is operated by Statoil while production phase is operated by Shell (X. Xxxxxxx, X. Xxxx and H.P. Sejrup, 2005). Meanwhile, Xxxxxx is responsible for developing the gas infrastructure system in the cost efficient way. The capacity of condensate process during the production is about 6000 to 8500 Sm3 per day and 70 million Sm3 for gas per day. Langeled is the world’s longest subsea pipeline with 42” to 44” pipes from Nyhamna in Norway to Easington on the east coast of England. The total length of Langeled is 1200km. Moreover, Ormen Xxxxx gas field could cover 20 percent of the gas requirement by UK up to 40 years. (Xxxxx Xxxx Xxxxxxxx, Xxxxxxx Xxxxxxxx, 2007). Since Norwegian gas exported to Europe through the integrated transport system were total 94.6 billion standard cubic meters (scm) in 2007, it is necessary to have a substantial, long-term need for additional gas pipeline capacity (Gassco1). Proved by Drilling 1997 Submit PDO/ XXX 2003 Figure 4.1: History of Xxxxx Xxxxx development (Source: Xxxxx Xxxx Xxxxxxxx, Xxxxxxx Xxxxxxxx, 2007) Figure 4.1 describes the main decisions in Ormen Xxxxx project since it has been discovered. The project was approved by the Norwegian Parliament in April 2004. The construction and installation activities were performed on scheduled and they were completed in October 2007. After that it has started gas production and contributes significantly to make Norway become the second largest exporter of natural gas in the world. The Ormen Xxxxx project was divided into three parts. The first is Ormen Xxxxx onshore project which consists of the gas-processing facilities at Nyhamna. The second subproject is Ormen Xxxxx offshore project. It consists of the subsea installations which are about 120km offshore with templates, manif...

Ormen Xxxxx. The SDFI’s preliminary holding in the Ormen Xxxxx Unit was 36 per cent. Negotiations pursued by Xxxxxx over the division of interests in the field resulted in this pro- portion being raised to 36.475 per cent, equivalent to almost two billion cubic metres of gas. Norne Plans call for a subsea development on Svale and Stær to be tied back to Norne. New negotiations headed by Xxxxxx in 2003 secured an agreement which secures reasonable coverage of the risk faced by the government in this project. 32 / Swilling out the reserves / Petoro 2003 Petoro 2003 / Swilling out the reserves / 33 SWILLING OUT THE RESERVES Boosting water circulation in Gullfaks is washing more oil out of the xxxxx- voir. That in turn could extend this field’s producing life by five to 10 years, and provide big added value for licensees Statoil, Petoro and Norsk Hydro. Output from Gullfaks was expected until recently to decline towards 2011-12. The licence is now operating with a pro- duction life up 2016, and perhaps even longer. Greater water injection has made an important contribution to that revision. Very good collaboration between the licensees and the Norwegian authorities led to the decision to expand water circulation by about 50 per cent. Xxxxxx played an important role in that process by making constructive suggestions. Enhanced water injection could permit the recovery of about 107 million barrels (17 million standard cubic metres) in additional crude from Gullfaks.