Xcite Bentley to inspire Statoil Bressay project in UK.

Bressay Field Development Project. 20 mei 2020. Bressay Field Development Project.

Statoil bosses have said there is still no timescale for developing the Bressay field east of Shetland. The Norwegian major said in November 2013 that it was putting the project on hold while it.

Since 2014, both Statoil and its partner Shell have been working on a simplified development concept for the heavy oil field. However, over the past year, work has been focused on a phased.

The Bentley field is planned with a phased development. The first phase development, with a 5-year drilling programme, and focused on the northern area of the field will be followed by a second phase, which will focus on the western and south areas of the Bentley field.

A new chapter is underway for the Mariner field. Equinor has started production from the Mariner field, our first operated development in the UK North Sea. The field is expected to produce more than 300 million barrels of oil over the next 30 years. The start of production from Mariner is a significant milestone, reinforcing Equinor’s commitment to be a long-term energy partner for the UK.

When considering whether to consent to a field development, the OGA will amongst other things, assess whether the proposed project accords with the obligations set out in the strategy for enabling the principal objective of maximising the economic recovery of UK petroleum (MER UK strategy), and whether the development methods proposed comply with good oilfield practice.

The development of an oil and gas field costs millions of dollars and may require long time (5-10 years) to be fully realized. Costs and duration of the development phase depends on the location of the field, the size and complexity of the facilities, and the number of wells needed to achieve the production and economic targets.

Xcite Bentley to inspire Statoil Bressay project in UK North Sea One day - One Project Statoil at the drawing board to save costs on Bressay The Norwegian State-owned company Statoil and its partner, the Royal Dutch Shell (Shell), are considering all options in order to reduce costs for the development of the heavy crude oil offshore project, Bressay, in the UK North Sea.

Investors set oil company valuations in part on the company's ability to design and execute credible field development plans. As a result, oil and gas company management is under increasing pressure from investors to translate discoveries into cash flow as quickly as possible. On the other hand, growing field complexity in many parts of the world has made field development plans (FDPs.

The field consists of three oil-bearing structures, namely Belbazem, Umm Al Salsal and Umm Al Dholou. Upon completion, the Belbazem block will produce approximately 45,000 barrels per day (bpd) of oil and 765,000 cubic metres per day of gas, while maintaining reservoir pressure support with water injection.

In May of this year, KBR was awarded a contract by Basra Oil Company (BOC) for the project management and development of the Majnoon Oil Field in Basra, Iraq. The Manjoon Oil Field project further extends KBR's long history in Iraq and allows KBR to develop a long-standing partnership with BOC while also providing a significant economic benefit to the Iraqi economy and the country's citizens.