• About Us
  • Partners
  • Contact
Monday, September 25, 2023
  • Login
No Result
View All Result
NEWSLETTER
The Energy Intelligence
No Result
View All Result
The Energy Intelligence
No Result
View All Result
hhh hhh hhh
ADVERTISEMENT
Home Industry News

Deepsea Atlantic drilling rig returning to Johan Sverdrup

by The Energy Intelligence
July 7, 2020
in Oil
0
Deepsea Atlantic drilling rig returning to Johan Sverdrup

The Deepsea Atlantic drilling rig. (Photo: Marit Hommedal / Equinor ASA)

0
SHARES
Share on FacebookShare on Twitter
Oman Petroleum and Energy Show
ADVERTISEMENT

Equinor and its partners have signed a letter of intent with Odfjell Drilling for the Deepsea Atlantic rig to drill 12 wells during phase 2 of the Johan Sverdrup field development, following its work on phase 1.

The value of the fixed part of the agreement is estimated at around $150 million at current exchange rate.

The costs of integrated services, maintenance and options for drilling five extra wells are not included in the estimated value.

The total contract value will depend on the efficiency of the well deliveries.

The Johan Sverdrup licence partners are Equinor (operator), Lundin, Petoro, Aker BP and Total.

“Johan Sverdrup phase 2 is the next stage in the development of the giant Johan Sverdrup field and a project that strongly impacts activities and spinoffs in Norway.

With this contract, Norwegian suppliers have been awarded more than 90 per cent of the project contracts,” says Geir Tungesvik, Equinor’s senior vice president for project development.

ADVERTISEMENT

The drilling period is scheduled to start at the beginning of 2022.

Geir Tungesvik (left), Equinor’s senior vice president for project development, and Erik G. Kirkemo, Equinor’s senior vice president for drilling and well operations.

“Deepsea Atlantic drilled the Johan Sverdrup phase 1 wells with excellent results, so we are pleased to secure the rig for phase 2 as well.

The rig is already on a continuing contract with Equinor, and our ambition is to keep it busy until Johan Sverdrup phase 2 comes on stream at the end of 2022.

Odfjell has a high safety standard and the rig is one of the most efficient rigs we have,” says Erik G. Kirkemo, Equinor’s senior vice president for drilling and well operations.

Johan Sverdrup phase 2 includes the construction of a subsea production system, reconstruction of the existing riser platform and a new processing platform, which will also accommodate a converter unit receiving power from shore.

This unit will distribute power to other fields on the Utsira High: Edvard Grieg, Ivar Aasen, Gina Krog and Sleipner. The four existing platforms on the Johan Sverdrup field are already receiving power from shore and CO2 emissions per barrel are 0.7 kg.

The phase 2 development will increase the field production capacity from 470,000 to 690,000 barrels per day on plateau. The break-even price will be below $20 per barrel, making Johan Sverdrup a highly profitable field with a very low CO2 footprint.

Tags: Aker BPDeepsea Atlantic rigGeir TungesvikJohan Sverdrup fieldLundinOdfjell DrillingPetoro
The Energy Intelligence

The Energy Intelligence

The Energy Intelligence is a leading energy media consultancy providing senior decision makers access to indepth analysis and commentary on the energy sector.

YES! Summit Connects Africa’s Youth with Opportunities in the Energy Sector

YES! Summit Connects Africa’s Youth with Opportunities in the Energy Sector

June 19, 2023
Game Changer: $100M equipment finance unleashed for solar companies in Nigeria

Game Changer: $100M equipment finance unleashed for solar companies in Nigeria

May 22, 2023
Top HR Expert to Promote Renewable Energy Career Opportunities at ELD 2023

Top HR Expert to Promote Renewable Energy Career Opportunities at ELD 2023

January 17, 2023

Popular News

    Tweet at us!

    Connect with us

    Newsletter

    Join thousands of other senior energy decision makers and gain access to exclusive stories and reports
    SUBSCRIBE

    Category

    • Amazons in Energy
    • Bio Energy
    • Clean Cooking
    • Climate Change
    • EnergyPreneur
    • Environment
    • Events
    • Food and Pharmaceuticals
    • Gas
    • Geothermal Energy
    • Governance
    • GreenTech Made in Africa
    • Hydro Power
    • Hydrogen Power
    • Industry News
    • Insight
    • Logistics
    • Magazine
    • Marine Services
    • Nuclear Power
    • Oil
    • Partners
    • Press Release
    • Recycling
    • Solar Energy
    • Solid Minerals
    • Sustainable Mobility
    • Technergy
    • Uncategorized
    • Wind Power

    Our Mission

    The Energy Intelligence is dedicated to focusing on all the key trends and developments that are emerging from within the Global Energy industry through Business Intelligence, Networking and Strategic Communications.

    • About Us
    • Partners
    • Contact

    © 2020 The Energy Intelligence. All rights reserved

    No Result
    View All Result
    • Home
    • Solid Minerals
    • Oil
    • Marine Services
    • Industry News
    • Insights
    • Partners

    © 2020 The Energy Intelligence. All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    You cannot copy content of this page