Arctic Norway Terminal Plans Revived

Posted by Joseph Keefe
Tuesday, April 10, 2018
Oil firms operating two oilfields and several oil discoveries in the Barents Sea off Norway are looking at a possibility to build an onshore oil terminal, Norway's oil minister said on Tuesday.
"I'm optimistic. I think it's important that operators investigate all possibilities and find a profitable solution both for the companies and the society," Terje Soeviknes told a news conference.
Statoil, Eni, Lundin and OMV are investigating the possibility of building an onshore facility for ship-to-ship transfers or a terminal with a storage, he added.
Statoil, which develops the Arctic Johan Sverdrup oilfield some 240 kilometres northwest of Hammerfest, has ditched previous plans for an onshore terminal to reduce the development's costs.
The company plans to export oil from the field by using shuttle tankers, the development plan presented to the parliament on Tuesday, showed.
The onshore terminal, however, could be revived if it could receive oil from other developments in the Barents Sea, making it more profitable.

It could also make it cheaper for Italy's Eni to export oil from its Goliat field, located 150 kilometres southeast of Castberg, if it could use larger tankers instead of smaller shuttle tankers.

Reporting by Nerijus Adomaitis 

Categories: Contracts Environmental Finance Government Update Offshore Offshore Energy

Related Stories

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Yinson Production Closes $1B Investment to Drive Further Growth

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Current News

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com