Wintershall Struggles to Boost Output from Norway's Maria Field

Monday, October 15, 2018

German oil firm Wintershall's flagship project in Norway - the Maria oil and gas field - is not meeting output expectations due to water injection issues, the company said on Monday.

The field, which started nine months ahead of schedule at end-2017, was welcomed by the Norwegian government as an innovative project to squeeze more barrels from Norway's continental shelf.

But 10 months after the startup Maria's output has not lived up to expectations.

"The production performance of the Maria field does not yet fully meet our expectations," Wintershall said in an email to Reuters. The company did not give details of these expectations.

Winters said the reason for this could be a limitation in the connectivity between the water injection and oil production layers in the reservoir.

"Some testing and investigations will be performed to obtain more information and to define the way forward," Wintershall said in the email.

The company, which injects water to keep the pressure in the reservoir some 3,800 meters deep, said it was too early to say whether it would have to revise estimates for the field's recoverable reserves, which currently stand at around 180 million barrels of oil equivalents.

Spirit Energy, which has a 20 percent stake in the field, said on its website that at peak production Maria was expected to add about 8,300 barrels of oil equivalents (boed) net to Spirit Energy's output.

That would put Maria's expected gross peak production at more than 41,500 boed, according to Reuters' calculations.

The latest data from the Norwegian Petroleum Directorate showed the Maria field produced 23,400 barrels of oil equivalents per day (boed) in July.

Wintershall has 50 percent stake in Maria's licence, and Norway's state-owned Petoro holds the remaining 30 percent.

Norwegian business Dagens Naeringsliv was the first to report the issues at the Maria field.

Wintershall, owned by German chemicals group BASF, is in the process of merging with oil and gas firm DEA.

Spirit Energy is 69 percent owned by Britain's Centrica.


(Reporting by Nerijus Adomaitis. Editing by Jane Merriman)

Categories: Deepwater Offshore Energy Activity Subsea Well Operations Europe Production

Related Stories

James Fisher, Aquaterra Launch Global Decommissioning Partnership

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Oil Surges 3% on Renewed US-Iran Strikes

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Petrobras Nears Deal With SBM Offshore for Two Sergipe FPSOs

Three Dead After Incident at Petronas' FSO Offshore Malaysia

Current News

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Noble Gets $136M Brunei Drillship Job

James Fisher, Aquaterra Launch Global Decommissioning Partnership

Tetragon Energy Advances Oil and Gas Exploration Activities off Philippines

Arabian Drilling Set to Resume Ops with Three Offshore Rigs

Oil Jumps 3% on Renewed US-Iran Conflict

Hormuz Traffic Falls to Five-Week Low as Tensions Escalate

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

EnQuest Clears Key Hurdle for $833M Malaysia Offshore Deal

ONGC Plans Major New Indian Oil Reserve

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