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Norway Giant N.Sea Oil Project Could Face Delay Over Power Plan
Rig Zone ^ | March 26, 2014 | Reuters

Posted on 03/26/2014 10:08:35 AM PDT by thackney

Development of the Johan Sverdrup oilfield in the North Sea may be delayed by a year and cost more than planned if Norway's parliament insists on having it be powered from shore, the Dagens Naeringsliv daily newspaper reported on Wednesday.

The biggest North Sea field find in decades, it has reserves of up to 2.9 billion barrels of oil equivalent and is expected to start production in 2019 at an initial cost estimated at 100 billion to 120 billion crowns ($16.4 billion-$19.7 billion).

Statoil has committed to power the first phase from shore, a move in line with the government's efforts to reduce carbon emissions, but it has not commited to power from land for the entire area, known as the Utsira High, home to other oil developments.

However, a majority in parliament support a full electrification of the area, including the Christian Democrats and Liberals, two small parties which the centre-right government of Erna Solberg relies on to stay in power...

(Excerpt) Read more at rigzone.com ...


TOPICS: News/Current Events
KEYWORDS: electricity; energy; eurabia; europeanunion; norway; offshore; oil; opec
excerpt for Reuters content.


1 posted on 03/26/2014 10:08:35 AM PDT by thackney
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To: thackney

Good grief how far off-shore is this? Are they effing crazy?


2 posted on 03/26/2014 10:43:11 AM PDT by Rockpile
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
Thanks thackney.
...may be delayed by a year and cost more than planned if Norway's parliament insists on having it be powered from shore... The biggest North Sea field find in decades... up to 2.9 billion barrels of oil equivalent... initial cost estimated at 100 billion to 120 billion crowns ($16.4 billion-$19.7 billion)... a majority in parliament support a full electrification of the area, including the Christian Democrats and Liberals, two small parties which the centre-right government of Erna Solberg relies on to stay in power.
Sounds like either environazi Luddism, or some kind of crony problem. Let them freeze in the dark.
3 posted on 03/26/2014 10:56:40 AM PDT by SunkenCiv (http://www.freerepublic.com/tag/alreadyposted/index)
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To: Rockpile

87 miles west of Stavanger


4 posted on 03/26/2014 11:01:59 AM PDT by thackney (life is fragile, handle with prayer)
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To: Rockpile

Technically feasible and has been done.

I do doubt the economics and actual benefit.

http://www05.abb.com/global/scot/scot245.nsf/veritydisplay/6e4b1d222a7159e748257a390040b1f6/$file/1202_Oil-Gas_Submarine%20power%20cables-Cables%20for%20offshore%20platforms%202GM5010-gb%20.pdf


5 posted on 03/26/2014 11:03:51 AM PDT by thackney (life is fragile, handle with prayer)
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