Page 14 - EurOil Week 20 2021

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of 10bn cubic meters of natural gas. contract as being between NOK 700
Romgaz sees lower sales in France, the Fos Tonkin and Fos Cavaou on million ($82.3mn) and NOK 1.2 billion
Elengy also operates two other terminals
($141.1 million).
and lower profit in Q1 the Mediterranean coast.. comes as the partners in the Åsgard
The contract award to Aker Solutions

Romanian state-controlled gas producer licence, with Equinor as the operator,
Romgaz recorded a 7.2% drop in revenues Equinor selects subsea have decided to invest just under NOK 1.4
in the first quarter of 2021 compared to billion ($164.6 million) to further develop
the same period of 2020 to RON1.33bn concept for stranded the field and implement the Åsgard B low-
(€270mn). Net profit went down by 18.9% pressure project.
y/y to RON464mn. Norwegian assets
In Q1, Romgaz produced 1.31bn cubic
metres of natural gas, down 3.7% on the year, Norway’s Equinor and its partners have Chrysaor’s North Sea
whereas electricity production lost 22% on selected a concept for developing six
the year, reaching 202 GWh. discoveries in a joint unitisation project on Wildcat comes up dry
Romgaz’ net profit rose 15% to Haltenbanken in the Norwegian Sea.
RON1.254bn in 2020. Equinor is the operator of the Oil and gas company Chrysaor has drilled
The majority shareholder of Romgaz is the Haltenbanken East development with a a dry well at the production license 973, in
Romanian state with a 70% stake, with the 57.7% interest and its partners are Spirit the North Sea, offshore Norway.
balance of 30% in free float on the Bucharest Energy with an 11.8% working interest, Vår The exploration well 15/12-26,
Stock Exchange (BVB). Energi with a 24.6%, and Petoro with a 5.9% targeting the Ilder prospect was drilled
Since the beginning of this year, Romgaz interest. 26 kilometers south of the Sleipner Øst
shares are up 17.4% (as of May 14), close to Spirit Energy revealed on Wednesday platform and nine kilometers south of the
the 18% increase of the BET index. that the concept has been selected and it is Grevling discovery in the North Sea, about
a subsea tie-back to the Åsgard B platform, 240 km west of Stavanger.
utilising existing facilities and infrastructure. The objective of the well was to prove
Leak at Montoir-de-Bretagne condensate processing platform, which is petroleum in reservoir rocks from the Late
Åsgard B is a semi-submersible gas and
Jurassic (Ula Formation), and potentially
LNG terminal halts send-out part of the Åsgard field, one of the largest underlying Late Triassic reservoir rocks
developments on the Norwegian continental
(Skagerrak Formation).
French LNG terminal operator Elengy has shelf. “The well encountered a sandstone layer
halted send-out at its Montoir-de-Bretagne Aker Solutions has recently won a of about 60 m in the Ula Formation, with
LNG terminal following a leak. substantial contract from Equinor for good to very good reservoir quality. The
The operator noted the leak on the modifications on the Åsgard B platform Skagerrak Formation was not encountered.
insulating joint in the gas pipe linking the to enable increased production from the The well is dry,” the Norwegian Petroleum
LNG terminal to the transmission grid Smørbukk reservoir. Directorate said Tuesday.
caused it to stop the send-out on May 4. According to Spirit, the Haltenbanken The well 15/12-26 was drilled to a
Elengy removed the gas from the relevant East project will be developed as a unit vertical depth of 2,762 meters below sea
pipe and isolated the terminal from the between four different licences and level and was terminated in rocks from
transmission grid. comprises six discoveries and three prospects the Early Permian Age in the Zechstein
The preparatory work for the repair with a combined volume in the order of group. The water depth is 87 meters. The
started on 12 May and is passing off safely,” 100mn barrels of oil equivalent (mmboe), well will now be permanently plugged and
Elengy said in its statement. mostly gas. abandoned.
“During all work on this gas pipe, a flame The well was drilled by the
from the terminal’s flare stack will be visible. COSLInnovator semi-submersible drilling
Using flare stack to burn the boil-off gas is Aker Solutions hired rig, which is now headed for Coast Center
normal and controlled,” the statement reads. Base (CCB Ågotnes) west of Bergen for a
Elengy further noted that the teams to modify Åsgard B for temporary stay at the shipyard.
remain mobilised and are currently working This is the second exploration well in
to restart send out as soon as possible. The production boost production licence 973, and the second
operator is coordinating with the competent well drilled by Chrysaor as the operator
authorities. Oilfield services provider Aker Solutions in Norway. To remind, Chrysaor’s first
Located on France’s Atlantic coast, the has won a substantial contract from operated well offshore Norway - drilled
Montoir-de-Bretagne LNG terminal was Equinor for modifications on the Åsgard in February and March - failed to
commissioned in 1980 and is fully regulated B gas and condensate platform, located unearth enough hydrocarbons to warrant
by the CRE. The terminal currently can store offshore Norway, to enable increased development and was plugged and
360,000 cubic meters of LNG in its three production. abandoned.
tanks. It has an annual throughput capacity Aker Solutions defines a substantial

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