New N. Sea projects designed for new economic environment

Journal Article · Mon Jun 29 04:00:00 EDT 1987 · Oil Gas J.; (United States)

OSTI ID:6311341

The latest generation of North Sea development projects bears the hallmarks of new thinking by all design teams working in Britain and Norway. In the wake of much lower crude prices, North Sea operators are striving-with some success-to shape these development projects to earn an acceptable rate of return with oil prices at $15-18/bbl. Examples of the latest approaches to cost saving include the Shell/Esso group's plans for the Kittiwake field in the U.K. North Sea. The design shows how a steel jacket and topsides for a single integrated drilling and production platform can be slimmed down, substantially reducing cost. More attention is also being paid to floating production systems. Den norske stats oljeselskap (Statoil) has integrated floating production technology with a wellhead for the Veslefrikk field. And Amerada Hess has successfully trimmed the cost of a floating system using a converted semisubmersible for its Ivanhoe/Rob Roy development.

• OSTI ID: 6311341
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 85:26; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
42 ENGINEERING
420206 -- Engineering-- Mining & Drilling Equipment & Facilities-- (1980-1989)
423000 -- Engineering-- Marine Engineering-- (1980-)
ALLOYS
ATLANTIC OCEAN
COST
DESIGN
ECONOMICS
ENERGY SOURCES
EUROPE
FOSSIL FUELS
FUELS
IRON ALLOYS
IRON BASE ALLOYS
JACKETS
NATURAL GAS WELLS
NORTH SEA
NORWAY
OFFSHORE PLATFORMS
OIL WELLS
PETROLEUM
PLANNING
PRICES
SCANDINAVIA
SEAS
STEELS
SURFACE WATERS
UNITED KINGDOM
WELLHEADS
WELLS
WESTERN EUROPE