Gulf Oil and Gas accountACCOUNT

Snorre 2040 Project Schedule Adjustment

Source: www.gulfoilandgas.com 12/1/2014, Location: Europe

The Snorre partnership has decided to adjust the schedule for the ongoing Snorre 2040 project by postponing the planned date for DG2 from March 2015 to October 2015.

There is no change in the timing of the final investment decision (DG3) and production start-up (DG4), which are planned for Q4 2016 and Q4 2021, respectively.

The early phase of the project is extended to take full advantage of the improvement potential initiated by Statoilís STEP (Statoil technical efficiency programme) programme and the current focus on cost efficiency within the industry.

Profitability of a new Snorre C platform is challenging and it is important for the owners to secure quality in design and cost estimates prior to entering into FEED studies.

Investment News in Norway >>

Russia >>  3/19/2019 - The Gazprom Board of Directors expressed its approval the Companyís ongoing work on its major investment projects. One the Companyís current prioritie...
Canada >>  3/18/2019 - Williams announced a series of transactions that will establish a new platform for the optimization of its midstream operations in the western Marcell...

Bahamas >>  3/15/2019 - Bahamas Petroleum, the oil and gas exploration company with a significant prospective resource in licences in The Commonwealth of The Bahamas, has ann...
Libya >>  3/10/2019 - Chairman of National Oil Corporation (NOC), Eng. Mustafa Sanalla took part in the Libyan-German Economic Forum, held on March 8, 2019, in Tunis, along...

Egypt >>  3/7/2019 - DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Ta...
Mexico >>  3/6/2019 - Two private partners of Mexicoís state-run oil company Pemex will invest a combined $250 million in two projects over the next four years as they aim ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.