Lloyds List: Energy Briefs: “SHELL has started oil production from its West Salym field in Western Siberia, one year ahead of schedule. The Anglo-Dutch oil major has commissioned the central processing facility and export pipeline tied into the Transneft export pipeline system. Shell's partner in the project is London-listed independent Sibir Energy. Production is expected to peak at 120,000 barrels per day in 2009.” (ShellNews.net) 21 Dec 04
Dec 21, 2004
Socar pipeline loan
AZERBAIJAN state oil company Socar has secured a $170m loan from the European Bank for Reconstruction and Development to fund its part of the Shah Deniz and South Caucasus gas pipeline.
A BP-led consortium, in which Socar has 10%, is developing the $4.3bn Shah Deniz gas field in the Caspian Sea, with gas exported through the $1bn dedicated pipeline through Georgia to Turkey.
DANISH energy groups Dansk Olie og Naturgas and Elsam have agreed to merge to fend off other European power giants. Elsam's chief executive Peter Hostgaard-Jensen is set to head the new company.
State owned DONG is being privatised with a listing on the Copenhagen Stock Exchange from the start of 2005. DONG has oil and gas assets around the North Sea and both are involved in wind farm projects.
GAZPROM and Norsk Hydro have signed a deal to co-operate on the Shtokman gas project in northwest Russia, which includes using data from Hydro's Ormen Lange subsea development.
Gazprom is seeking to develop the giant Shtokman gas field in the Barents Sea with subsea equipment tied back to an onshore terminal and liquefied natural gas plant.
The deal will also include a study of how Gazprom will be involved in the Ormen Lange project in the Norwegian Sea.
SHELL has started oil production from its West Salym field in Western Siberia, one year ahead of schedule. The Anglo-Dutch oil major has commissioned the central processing facility and export pipeline tied into the Transneft export pipeline system. Shell's partner in the project is London-listed independent Sibir Energy. Production is expected to peak at 120,000 barrels per day in 2009.
CONCRETE construction work on the gravity base for the Lunskoye platform for the Shell-led Sakhalin Energy's phase II project has been completed by an Aker Kvaerner subsidiary at the Vostochny site in eastern Russia.
The concrete gravity base for a sister platform on the Piltun field is due to be finished in February 2005. The structures will be towed out to the fields off Sakhalin Island next summer.
Oil 'Natural Gas Corp of India and Sinopec of China have joined US independent Vanco Energy in the deepwater CI-112 block offshore Ivory Coast. The deal leads the away for drilling the first exploration well early next year using Transocean's drillship Deepwater Discovery on the San Pedro prospect.
BP has discovered new gas reserves off Trinidad that can be tied into the Atlantic LNG project. With an exploration well drilled on the East Mayaro licence, BP has found a large gas field with 1,400 ft of gas reserves in four reservoirs. The discovery will be appraised in 2005 and could be tied into the Mahogany production facilities to the northwest.