Page 14 - Euroil Week 10 2020

EurOil
NEWS IN BRIEF
EurOil
System (INGS), according to a decision of Bulgaria’s government.
The country has said that it will reduce
its imports of natural gas from Russia to
50% of its total consumption by the end of 2020. Currently, the country is completely dependent on Moscow for its gas, which gives Russia a strong tool with which to influence the country’s politics.
In January, Bulgaria announced that
the state-owned gas network operator Bulgartransgaz will acquire a 20% stake
in Gastrade, the company developing the floating liquefied natural gas (LNG) terminal in Alexandroupolis.
Bulgaria currently serves as a transit route for Russian gas, but it has the potential to become a major trading centre thanks to a raft of new gas transport projects. A pipeline from Greece is due to start operations next year, allowing Bulgaria to receive gas from Greek LNG terminals. It will also be able to tap supplies from Azerbaijan once the Trans- AdriaticPipeline(TAP)runningthrough Greece and Albania to Italy is finished. Bulgaria is also helping Russia extend its TurkStream pipeline through its territory and on to Central Europe.
bne IntelliNews, March 11 2020
One confirmed with coronavirus at Martin Linge
One person at the Martin Linge field in the North Sea has tested positive on the corona virus. The person is not seriously ill.
Equinor is in dialogue with the Norwegian health authorities about further measures.
The infected person has been in isolation in
his cabin since 9 March. Measures to prevent further contamination for offshore installations has been introduced. It has not been decided when the person will be brought ashore.
The person arrived at the field just before noon on March 4. The person had recently been to Austria. When Austria was listed as a high-risk destination, the person was quarantined on board and a test was conducted.
Tests have been conducted on two further persons at the field, whom have also visited high risk destinations. The results of these tests are yet not available.
Medical staff on board follows up all personnel and there are no additional persons with symptoms on board.
The activity on the field will be reduced today. Personnel remains at the installations they are already located on. Equinor is continuouslyevaluatingfurthermeasures.
Measures to prevent further contamination is under implementation, such as: reduction of social gatherings, reduction of meetings, introduction of larger distances between personnel in the canteen and cleaning of selected common areas.
The Martin Linge field is currently under construction and is planned to start production at the end of 2020. There are currently 776 persons offshore, working on the project and spread across three installations.
Equinor, March 11 2020
Norwegian production figures for February 2020
Preliminary production figures for February 2020 show an average production of 2.16mn barrels per day (bpd)of oil, NGL and condensate, which is an increase of 129,000 bpd compared to January.
Total gas sales were 10.0bn cubic metres (bcm), which is a decrease of 0.5 bcm from the previous month.
Average daily liquids production in February was: 1.749mn bpd of oil, 330,000 bpd of NGL and 27,000 bpd of condensate.
Oil production in February is 0.7% lower than the NPD’s forecast, and 3.2% below the forecast so far this year. The main reasons that production in February was below forecast is technical problems on some fields.
The total petroleum production for the first two months in 2020 is about 39.9mn cubicmetresofoilequivalent, broken down as follows: about 16.2mn cubic metres oe of oil, about 3.2mn cubic metres oe of NGL and condensate and about 20.4mn cubic metres oe of gas for sale.
The total volume is 1.9mn oe cubic metres higher than in 2019
NPD, March 12 2020
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Week 10 12•March•2020