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Growing activities on UK continental shelf

December 18, 2007, 13:50 CET

The agreement makes StatoilHydro operator for the heavy oil fields, Bressay, Mariner and Mariner East. In addition a separate agreement has been concluded with the Canadian companies Silverstone and Wilderness on a discovery in block 9/16. StatoilHydro will thereby have responsibility for about half of the proven, but undeveloped, heavy oil volumes on the UKCS.

The working programme which has now been adopted assumes that development will be sanctioned in 2010.

StatoilHydro's present interests in the UK comprise oil and gas production in six fields with an output of 13,000 barrels per day. In addition StatoilHydro has assets in several exploration licences and finds such as Rosebank, Amos and Suilven. Up to now the whole portfolio in the UK has been partner-operated.

Great expectations

Helge Hatlestad, vice president for StatoilHydro's activities in the UK, says that the good results StatoilHydro has achieved in connection with the acquisition and development of the Peregrino field in Brazil have led to this agreement. The recovery factor there has risen considerably from 2005 to 2007.

"The development of these heavy crude resources in the UK is now dependent on StatoilHydro succeeding in finding feasible technical and commercial solutions," Mr Hatlestad emphasises.

Licence responsibility from 1 January

The practical matters of the transfer from Chevron to StatoilHydro will be completed during December and licence responsibility for the projects will be transferred to StatoilHydro's London organisation on 1 January.

Apart from technical studies, seismic will be shot, sub-surface surveys will be carried out and up to three wells will be drilled over the next two years.