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2010-11 Membership Guide
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 Membership News
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The State of American Business 2010
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News
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| Go-Ahead for Gudrun |
Statoil and its partners in the Gudrun licence, Marathon Petroleum and GdF Suez, have agreed to submit a plan for development and operation (PDO) of this North Sea discovery to the Norwegian authorities.
“The decision marks an important milestone in the continued development of this part of the Norwegian continental shelf,” says Øystein Michelsen, executive vice president for Exploration & Production Norway at field operator Statoil.
A unanimous licence partnership has approved the submission of the PDO and the award of the first major contract, covering construction of a steel jacket for the production platform.
Investment in field installations, pipelines and drilling of production wells will total almost NOK 21 billion in money of the day.
“It’s positive that our partners have unanimously supported an important decision,” says Michelsen. “It’s been a long process, but I’d praise everyone involved for their commitment to finding a good integrated solution.”
Plans call for Gudrun to be developed with a platform for partial processing and export of the field’s oil and gas.
The platform will rest on a traditional steel jacket weighing 7,100 tonnes, to be built by Aker Solutions under an engineering, procurement and construction (EPC) contract.
Worth about NOK 450 million, this job has been awarded after an international tendering process based on technical and commercial criteria. The work will primarily be done in Aker Verdal.
Licensees in PL 025: Statoil (operator) 46.8%, Marathon Petroleum 28.2% and GdF Suez.
Gudrun contains some 132 million barrels of oil equivalent, with crude accounting for about two-thirds of the amount. High reservoir pressure and temperature call for special technology.
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Date posted: 1st of March 2010 Source: NRK/Press release News Category: Energy

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