Statoil Put forward Snorre 2040 Concept
Posted: 10/30/2013 02:10:00 Edited: 10/30/2013 02:10:00 Clicks: 993
Statoil ASA has put up a new suggestion to construct a new drilling and processing platform for the target to extract the remaining reserves from Snorre field.
Statoil has found a new approach to prolong the field life to 2040 cooperated with Petoro and other license partners.
The two development concepts of the Snorre 2040 are that to use Snorre A and B platforms to the subsea development or the alternative new platform combined with the Snorre A and B platforms.
The approach of building new concept platform is a brand new selection to obtain the maximum production and maximum benefits from the area.
Snorre 2040, as a great oil project, can make the company realize its goal of recover 60% from the field on the Norwegian shelf.
Through the current estimation, there is as much as 1.55 billion bbl of oil in the Snorre field. But in 1989, the field was estimated to have only 760 million bbl of oil when the development and operation plan was first made.
“The wise decisions to install a second platform, Snorre B on the northern part of the field and to start reinjection of gas from the mid-1990s are of critical importance for the success.
Currently, the joint companies have a 47% recovery rate from the Snorre field. But the rate can be higher due to another IOR measure.
The change in the petroleum tax rule is adverse to the finance of Snorre 2040. The joint companies would make an alternative to spend more time making the project perfect.
The final development concept decision is slated for first-quarter 2015.
It will not be until 2015 can the companies decide how to develop the project.
The license holding companies also plan to add a new drilling and processing platform which is duty on facilitating other discoveries in the area. There is a possibility that the discovered resources in the area may be not beneficial in the end.
The holders of the Snorre field are that the largest Statoil taking 33.27556% interest, Petoro 30%. The remaining is that ExxonMobil E&P Norway holding 17.44596% interest, Idemitsu Petroleum Norge 9.6%
