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

OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field

Oil Prices Go Up 3% as Iran Crisis Disrupts Supply

Dolphin Drilling, Vantris Ink Marketing Deal for Blackford Dolphin Semi-Sub

DUG Hooks Multi-Client Seismic Reprocessing Survey off Malaysia

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

DOF Bags Two Deals in Asia-Pacific Region

CNOOC Launches New Offshore Oil Development in Southern China

CNOOC Puts New South China Sea Development Into Production Mode

Current News

OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

Iran War Exposes Risks of Fossil Fuel Dependence

Sunda Energy Secures Environmental License for Drilling Ops off Timor-Leste

Oil Drops 7% After Trump Predicts War Could End Soon

Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

OSV Market: Asia Pacific Downshifts for the Long Haul

Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field

Governments Move to Shield Economies as Oil Jumps 25%

Remazel Expands Offshore Services Footprint in Brazil with H Tech 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