Statoil awards Noble Corporation drilling services contract for Mariner project

5/14/2013

Statoil awards Noble Corporation drilling services contract for Mariner project

STAVANGER -- Statoil, on behalf of Mariner partners JX Nippon Exploration and Production and Cairn Energy, has awarded the contract for drilling services on the Mariner project based on Category J design to Noble Corporation.

The new Category J rig will be able to operate at water depths from 70 to 150 m, and drill wells down to 10,000 m.

The “fit-for-purpose” jack-up rig is suited for operations in harsh environment on both surface and subsea wells in the shallow-water segments.

The contract is for four years, with a one or two year option. The commencement window is May 15, 2016, to September 1, 2016. Total estimated value for four years is $655 million, including mobilization.

In February, the UK government's Department of Energy and Climate Change approved the field development plan put forward by Statoil and its partners for the Mariner heavy oil field, which is the largest new offshore development in the UK in more than a decade.

The project entails investments of more than GBP 4.7 billion. Statoil expects to start production from Mariner in 2017, and the field is expected to produce for at least 30 years. The average production is estimated at around 55,000 bopd over the plateau period from 2017 to 2020.

The Mariner field is located on the East Shetland Platform of the UK North Sea, approximately 150 km east of the Shetland Isles.
Statoil acquired 44.44% and operatorship for Mariner from Chevron in 2007. Statoil acquired a further 20.6667% of Mariner from Nautical Petroleum in 2010.

JX Nippon Exploration and Production (28.89%) and Alba Resources (6%), are co-venturers in Mariner. Alba Resources is a wholly-owned subsidiary of Cairn Energy.

Related News ///

FROM THE ARCHIVE ///

Comments ///

comments powered by Disqus