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05.02.2010

Exxon re-discovers Ringhorne

ExxonMobil plans to increase activites at their Ringhore field in the North Sea. Three advanced wells will be drilled from the platform at a cost of 1,5 billion NOK (USD 250 million).

- We have a positive view of the Norwegian Continental Shelf (NCS), says Lee Tillman, head of ExxonMobil Norway, to Dagens Næringsliv.

ExxonMobil has kept a very low profile in Norway the last couple of years, and many have speculated whether the company is planning to step down activities in Norway. But Tillman tells otherwise.

- It is only because we haven't talked so much about it. If you look at discoveries in Norway from 2000 to 2009, we are involved in 40 percent of them. That makes us number three on the NCS, after Statoil and Petoro, says Tillman.

Exxon also recently received fifty percent in seven exploration blocks in deep water areas in the Norwegian Sea, and the company hopes to see future developments here.

The Ringhorne field is located around nine kilometers north of the Balder ship, and complies of a platform with water injection and processing facilities. Production started in 2003, the same year two new discoveries were made by the Ringhorne field. ExxonMobil collected 4D seismic in the Ringhorne area in 2009 as a preparation for the next drilling operations on the field.

 

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07.09.2010 - Norwegian Sector

Industry growth

The turnover in the Norwegian industry rose by 1,8 per cent from May to July this year. The turnover for construction of ships and platforms grew by 8 per cent in the same time period.

» Read more » Norwegian Sector
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07.09.2010 - Politics & Regulations

Barents border agreement final

Just five months after Norwegian Prime Minister Jens Stoltenberg and President Dmitri Medvedev announced the agreement regarding the Russian-Norwegian border of the Barents Sea, the signing of the agreement is now ready.

» Read more » Politics & Regulations
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07.09.2010 - Norwegian Sector

Green light for Svanøgle

Noreco has been given the go-ahead for drilling of wellbore 17/6-1 at their Svanøgle prospect in the North Sea.

» Read more » Norwegian Sector
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06.09.2010 - Contracts & Agreements

Statoil wants improved quality

Statoil is planning to invest several billion NOK in their onshore facilities the next years. If Norwegian suppliers want a piece of the contracts, the quality must improve, Statoil warns.

» Read more » Contracts & Agreements
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