Statoil Postpone Bressay Field Development - Oil and …
To Develop Bressay heavy oil field in the UK North Sea.
After several media reports saying that Statoil is postponing the development of Bressay field, Offshore Energy Today reached out to the Norwegian company seeking confirmation of these reports.
Bressay oil field statoil biluthyrning
The Bressay heavy oil field was first discovered in 1976, but a combination of technical and commercial challenges has resulted in the long period to mature the discovery to development.
Date of Bith: 1891 Place of Birth: Kent, England
Based on the £800mln tax relief, Statoil must be looking across the water at Bentley and thinking that it would make more sense for them to invest their money in developing that field than in their own Bressay.
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Looking at Bressay in particular (as it has more in common with XEL’s Bentley than Mariner) Statoil acquired the Bressay licence from Chevron in 2007. Since the initial acquisition Statoil has drilled and tested one successful appraisal well at Bressay. However, no horizontal wells have been drilled on the Bressay field to date. I’m sure they would give their right arm to know how XEL were so successful. XEL rightfully believes this info has significant value as mentioned at the recent AGM.