Shell Gives up on Big Subsea Project in Norway

Source: Reuters 4/11/2014, Location: Europe

Shell has postponed an innovative project to provide subsea gas compression on Norway's Ormen Lange field, one of the biggest gas fields in Europe, it said.

"The oil and gas industry has a cost challenge," Shell said in a statement. "This, in combination with the maturity and complexity of the concepts and the production volume uncertainty, makes the project no longer economically feasible."

Norwegian oil services firm Aker Solution designed and built a compression pilot project for the field, hoping the licence would select the concept.

United Kingdom >>  8/2/2022 - Aker Solutions has been awarded a contract(1) from Shell UK for the delivery of a not permanently attended installation (NPAI) for the Jackdaw gas fie...
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Related Categories: Compressors, Air  Compressors, Cylinders  Compressors, Gas  Compressors, Parts  General 

Related Articles: Compressors, Air  Compressors, Cylinders  Compressors, Gas  Compressors, Parts  General 


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