Page 13 - EurOil Week 37 2021

EurOil NEWS IN BRIEF EurOil

“The start-up of Yme shortly will further The ministry’s announcement follows Aker BP issues first major
strengthen Okea’s production and cash flow, Norway’s parliamentary elections this week
providing a strong platform for further growth where climate change and the future of the contracts for North Sea
and expansion,” Chief Executive Officer Svein country’s oil industry were major topics of
Liknes said in a statement. debate. development
Thailand’s Bangchak Corporation is Okea’s The vote culminated on Monday in a
biggest shareholder with a 46.1% stake. . “ decisive victory for the center-left opposition. Norwegian oil and gas company Aker BP
Labour is expected to lead the next has awarded FEED contracts worth nearly
government, which is likely to be formed in NOK 700 million ($81.3 million) to its
Netherlands plans new CCS mid-October, and would thus be responsible alliance partners – Aker Solutions, Siemens
Energy, and Subsea 7 – related to the field
for making the eventual awards of acreage,
project which could take place early next year. development of NOA Fulla in the southern
Several smaller political parties are calling
part of the NOAKA area off Norway.
TotalEnergies, Shell Netherlands, Energie for a halt to exploration, the Labour Party has As part of the Fixed Facilities Alliance,
Beheer Nederland (EBN), and Gasunie have said that any transition away from oil will be a Aker Solutions has been awarded two
partnered up in a project called Aramis that gradual one and that drilling will continue. platform FEED contracts. As part of the same
aims to enable large-scale CO2 reduction for Awards of acreage in so-called predefined alliance, Siemens Energy has been awarded
industrial clusters in the Netherlands. areas (APA) allow oil firms to search for oil the FEED contract for Electrical, instrument,
The Aramis project aims to contribute and gas in the vicinity of existing discoveries, control systems and telecom (EICT).
to the reduction of emissions by providing potentially adding more reserves that can As part of the Subsea Alliance, Aker
CO₂ transport to unlock storage capacity for rapidly be exploited. Solutions has been awarded a contract for a
industries such as steel, chemicals, cement, Companies seeking new exploration subsea production system (SPS) and Subsea 7
refineries, and waste incinerators. It will offer acreage include Equinor, Aker BP, for umbilicals, risers and flowlines (SURF).
a decarbonization solution for the industrial ConocoPhillips, and Lundin Energy among Aker Solutions will also take care of project
sectors by transporting CO₂ to depleted others, the ministry said. management of the Power from shore part of
offshore gas fields under the Dutch North Sea. “It’s gratifying to see the continued the project including sub-contractors for civil
The partners said the project would be high level of interest to identify additional and electro.
based on an ‘open access’ philosophy to give resources near existing fields and Following the contract awards, SVP
industrial customers and offshore storage infrastructure,” licence management chief NOAKA in Aker BP, Lars Høier, said:
providers the possibility to connect to the Kalmar Ildstad of the Norwegian Petroleum “We’ve passed an important milestone in the
infrastructure at a later stage. Directorate said in a separate statement. development of NOA Fulla. These are the first
The facilities will include, amongst others, Norway emitted about 13.3 million tonnes major contracts to be awarded in the field
an onshore CO₂ collection hub that is located of carbon dioxide equivalent in 2020 from development. Now we are getting started on
at the Maasvlakte in the Port of Rotterdam. fossil fuel production, but emissions from its further developing the concept of platforms,
The CO₂ from potential customers can be oil and gas used abroad were 30 times higher production systems and flowlines on the
transported to the hub via ships (coaster ships https://www.reuters.com/article/norway- seabed. We are also developing a solution
and river barges) as well as through onshore election-oil-idCNL1N2Q21UD, at more than for power from shore that will pave the way
pipelines, the partners said. 400 million tonnes, Oslo-based climate think- for minimal greenhouse gas emissions from
The onshore CO₂ collection hub will tank CICERO said. operations of the field”.
consist of a compressor station and a shipping In January of this year, the government According to Aker BP, the development
terminal with temporary storage facilities for concluded its 2020 pre-defined areas licensing concept for NOA Fulla consists of a process,
the liquid CO₂ arriving by ship. An offshore round by awarding stakes in 61 exploration drilling and living quarters platform (PdQ)
pipeline will transport the CO₂ from the blocks to 30 oil firms. on NOA, a normally unmanned wellhead
collection hub to the offshore platforms, For the 2021 round, Norway has platform (NUI) on Frøy and three subsea
where the CO₂ will be injected into depleted proposed up to 84 new blocks for oil and gas templates for the development of Fulla,
offshore gas fields 3-4 km below the seabed. exploration, including 70 in the Arctic Barents Langfjellet, and Rind.
Aramis partners are looking to take the Sea. The largest FEED contract relates to the
final investment decision by 2023 with an The offer included new blocks southeast of PdQ platform, awarded to Aker Solutions.
operational start-up in 2026. . Bear Island, about half way between the Arctic The platform will receive and transmit power
Svalbard Archipelago and mainland Norway. from shore. It will process the oil from the
Norway introduced the pre-defined area fields and export it via the Oseberg Transport
Norway attracts bids from rounds in 2003 to facilitate exploration in System (OTS), while the gas will be exported
the most geologically known parts of the
via Statpipe. Oil and produced water from
31 companies in APA round Norwegian continental shelf. Equinor’s northern development will also be
processed on the PdQ.
Norway has expanded the pre-defined
Norway’s annual licensing round of new areas with each round, which now constitute
acreage for oil and gas exploration, including most of the areas opened for petroleum
some in the Arctic Barents Sea, has attracted activities on the Norwegian continental shelf..
bids from 31 oil companies, the country’s
energy ministry said on September 15.

Week 37 16•September•2021 www. NEWSBASE .com P13