Our estimates point out that greater than half of the oil and gasoline that has not but been found is positioned within the Barents Sea. The relaxation is distributed between the Norwegian Sea and the North Sea. The alternatives are biggest within the Barents Sea, the place huge areas haven’t but been explored.

The numbers inform us that the alternatives on the Norwegian Shelf are nonetheless vital, and this supplies a foundation for oil and gasoline manufacturing for a lot of many years to return.

Two fields are at present producing within the Barents Sea, Snøhvit and Goliat. Goliat was confirmed in 2000, and manufacturing began 16 years later. The oil from Goliat is transported from the sector by boat.


At that point, the Snøhvit gasoline subject (confirmed in 1981) was already in operation. The gasoline from Snøhvit is routed by pipeline to Melkøya outdoors Hammerfest, the place it’s cooled into liquid kind (LNG, liquefied pure gasoline).

The Norwegian Petroleum Directorate introduced the report titled Petroleum exercise within the High North on 2 April (in Norwegian solely). The report locations the petroleum exercise within the High North right into a historic, worldwide and technological framework.

”We hope that the report can contribute in a knowledge-based strategy to the controversy,” mentioned director basic Bente Nyland when she introduced the report on the Barents Sea Conference 2019.

Equinor and companions Petoro, Total, Neptune and DEA are already planning for the longer term. The very first thing that may occur is that the Askeladd deposit within the Snøhvit license will start manufacturing.

In late 2018/early 2019 Vår Energi and its companions drilled appraisal nicely 7122/7-7 S on the Goliat subject. It proved oil, and the businesses at the moment are the potential for producing oil from the Goliat facility.

The Alke (7120/12-2) gasoline and condensate discovery, which was confirmed in 1981, is operated by Vår Energi. In May 2017, planning for a possible improvement of this discovery was resumed, and several other potential improvement options are being thought of.

Johan Castberg is up subsequent

The subsequent subject improvement within the Barents Sea is Johan Castberg.

The Plan for Development and Operation (PDO) for the Johan Castberg oil subject was permitted in June 2018. According to the plan, the sector will begin producing in late 2022.

The improvement idea is a manufacturing and storage ship (FPSO) tied to subsea templates with 18 horizontal manufacturing wells and 12 injection wells. The oil will likely be loaded onto shuttle tankers that may transport it to the market.

Source: www.worldoil.com

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