Installation of Statoil's Johan Sverdrup Oil Pipeline Begins
The installation of the oil pipeline to the Johan Sverdrup field has commenced, Statoil said. According to a press release from the company, work began late last week on Saipem's pipe laying vessel, Castorone.
The 176-mile (283-km), 36-inch pipeline is being pulled through a pre-drilled hole at the bottom of the Fensfjorden. Once completed, it will be the longest oil pipeline on the Norwegian continental shelf, capable of transporting up to 660,000 bpd to Statoil's Mongstad terminal.
Statoil is developing the Johan Sverdrup field in two phases. Phase 1 is projected to be completed in late 2019 with production capacity estimated at 440,000 bpd. Phase 2 is projected to be completed in 2022, expanding the field's production capacity to 660,000 bpd.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments