Page 20 - EurOil Week 50 2020

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Serbia’s NIS to invest conditions. Peggy Krantz-Underland, Equinor’s chief
The company said on December 8 that
procurement officer.
€177mn in development in it had activated the Emergency Shut Down president, electrification, maintenance
Linda L. Aase, executive vice
(ESD) system for Ivana D. “By closing the
2021 deep safety valves, the gas wells were brought and modifications at Aker Solutions,
to a safe state, while the pressure in the
said: “The productivity in the hook-up
Serbian oil and gas company Naftna Industrija pipeline remained stable,” the company said. and commissioning work we delivered to
Srbije (NIS) plans to invest RSD20.8bn “The event did not have a harmful impact Equinor in Phase 1 was high. We will build
(€177mn) in development in 2021, the on the environment, and production at all on this performance and implement even
company said in a press release on December other offshore exploitation facilities is going further improvements for the new contract
16. according to plan.” for Phase 2, in close cooperation with
The investment plan was approved by the The last co-ordinated inspection of Ivana Equinor’s team. We are glad that our focus
company’s board of directors as part of the D was carried out in October, and the facility on enhancing performance enables us to
2021 business plan. operated with a valid Safety Certificate, INA offer competitive execution models for new
The company plans to invest in oil and gas said. contracts.”
exploration and production, modernisation Equinor is the operator of the Johan
of processing capacity and development of its Sverdrup field with a 42.6267% stake.
retail network. Aker to hook up fifth Partners are Lundin Energy Norway AS:
NIS will also continue the digital 20%, Petoro AS 17.36%, Aker BP ASA:
transformation of its business, including Sverdrup platform 11.5733%, and Total E&P Norge AS: 8.44%.
improvement of environmental protection Johan Sverdrup is the third-largest oil
and safety at work. Norwegian oilfield services provider Aker field on the Norwegian continental shelf,
Also in 2021, NIS plans to launch the Solutions has won a contract for the hook-up with expected resources of 2.7bn barrels of
combined cycle thermal power plant in the of the fifth platform on the Johan Sverdrup oil equivalent. The ambition for the field is to
Serbian town of Pancevo that will have a field, offshore Norway. achieve a recovery rate of more than 70%.
capacity of 200 MW. Its construction started According to Equinor, the operator of the Break-even for the full field development
in 2019. field, at peak the contract will provide jobs is below $20 per barrel. Expected operating
NIS also intends to start initiate for around 1,300 people and have a value of costs at plateau is below $2 per barrel.
preparations for the launch of a Fluid up to NOK500mn ($57.6mn). In the first year on stream Johan Sverdrup
Catalytic Cracking (FCC) project and the Johan Sverdrup phase 2 includes a has produced oil worth around NOK50bn,
construction of a unit for the production of new processing platform currently under i.e. around 130mn barrels of oil (based on an
bioethanol base Ethyl Tertiary Butyl Ether construction by Aibel. After the assembly average price of $40 per boe).
(ETBE) in Pancevo. in sheltered waters in 2021, it will be towed One barrel of oil produced at Johan
Gazprom Neft holds 56.15% of the shares back to Haugesund for completion before Sverdrup during the first year has emitted
in Serbian NIS, a vertically integrated oil installation on the field in the spring of 2022. 0.17kg CO2 – almost 100 times lower than
and gas company working on the Southeast The new contract awarded to Aker the global average (measured in kilograms
European market. The Serbian government Solutions covers hook-up on the field and of CO2 per barrel produced). This is mainly
owns 29.87%, while the remaining stake other hook-up and completion tasks that due to the power supply from shore.
belongs to citizens, current and former must be carried out after the platform has Johan Sverdrup Phase 2 includes the
employees and other minority shareholders. been installed to prepare it for operation. construction of a subsea production system,
NIS is the main player on the local oil market It will be connected to the existing field reconstruction of the existing riser platform
and is one of its largest exporters. installations by a gangway to the existing and a new processing platform (P2).
In the first nine months of 2020, NIS riser platform. Phase 2 will also accommodate a
invested RSD20.7bn. Aker Solutions was awarded a similar converter plant for shore-based power
contract in the first phase of the Johan supply. The plant will distribute power to
Sverdrup development. other fields on the Utsira High: Edvard
INA’s lost offshore gas riser platform for phase 2 and can move Grieg, Ivar Aasen, Gina Krog and Sleipner.
“Now Aker Solutions is modifying the
The four existing platforms on the Johan
platform found on sea bed on to the hook-up and completion of the Sverdrup field are already receiving power
new processing platform on the field in
from shore.
An offshore gas platform that disappeared 2022,” says Bjarne Bakken, Equinor’s project
during a recent storm has been found on the director for Johan Sverdrup phase 2.
seabed on December 10, Croatian oil and gas At peak in 2022, the project will employ Premier Oil head steps
company INA has announced, according to around 1,200 people distributed on three
local media reports. offshore shifts of 400 people each, in addition down ahead of Chrysaor
As reported by bne IntelliNews, Gazprom to an onshore organization of around 100
still has to INA said the Ivana D platform people. Production start for Johan Sverdrup merger
was lost when the joints connecting it to the phase 2 is planned in the fourth quarter of
piles broke, while the pipes from the well to 2022. UK-based oil and gas company Premier Oil,
the part of the platform above water bent, “Johan Sverdrup phase 2 will provide which is set to merge with rival Chrysaor,
state news agency Hina reported. high-value creation with record-low said on December 16 that its CEO Tony
Deputy Sea and Transport Minister Sinisa emissions. The project generates activity and Durrant had stepped down from the Board of
Orlic said the same day that the platform is spinoffs in Norway. More than 90 percent Directors, and would step down as CEO at the
not a threat to sea traffic and there is no fear of the project contracts have been awarded end of the month.
of sea pollution. to Norwegian suppliers. The contracts Richard Rose will be the Interim Chief
After the storm on December 5, INA was have been awarded in strong international Executive from January 1, 2021 until the
unable to launch a survey of the location by competition, proving the competitiveness completion of the proposed merger with
boat for several days due to adverse weather of the Norwegian supplier industry,” says Chrysaor, in addition to his current role as

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