Reserves at Snoehvit Gas Field Cut

Monday, February 18, 2019

Reserves at Equinor's Snoehvit field, the only producing natural gas field in the Barents Sea, were revised down by 8.5 percent, the Norwegian Petroleum Directorate said on Monday.

Estimates for gross reserves were reduced by 17 million cubic meters (107 million barrels) of oil equivalent, on top of a reduction stemming from last year's production, the regulator said in its annual update of Norwegian petroleum resources.

"The reduction in gross reserves is due to the fact that the reserves in the Snoehvit field have been reduced due to an updating of the geological models," it said in a statement

Equinor was not immediately available for comment.


(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

Categories: Europe Oil

Related Stories

China's CNOOC Posts Record First-Half Profit

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

Serica Energy Agrees $194M Pharos Energy Acquisition

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

Saipem to Sell Saudi Shallow-Water Drilling Business to ADES for $285M

IEA Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

Current News

China's CNOOC Posts Record First-Half Profit

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

Saudi Contractor Enters Oman with Four-Well Drilling Assignment

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

Iran Tightens Enforcement of Strait of Hormuz Transit Rules

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

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