Statoil Confirm Largest New Offshore Development Field in UKCS

Norwegian firm Statoil had applied to develop the largest new offshore development in the UK since 2003. Realised plans should encourage more than 700 jobs, including 200 onshore posts in Aberdeen.

Statoil expects to start production from Mariner in 2017 and expect the field to produce for up to 30 years.

With a 65.11% equity Statoil is the main operator of the Mariner field. Other partners include JX Nippon Exploration and Production (UK) Limited (28.89%) and Cairn Energy (6%).

The development plan includes a production, drilling and quarters (PDQ) platform based on a steel jacket, with a floating storage unit (FSU).

More than 140 reservoir targets are planned for Mariner.

With average production estimated at around 55,000 barrels of oil per day, Statoil president and chief executive Helge Lund said: “Statoil and its partners appreciate the co-operation from the UK government and the approval of the development plan for this landmark project.

“The North Sea is a core area for Statoil and we look forward to taking a leading role in further developing also the UK part of this basin.”

Do you think the Mariner field has potential to revitalise the maturing North Sea?

How will new developments and fields such as these grow to define production in the North Sea?

Let us know your thoughts by commenting below.

Alternatively if you’d like to see Statoil President Helge Lund speak, why not attend our conference World National Oil Companies Congress where he has been confirmed as a keynote speaker.

Though if new projects, fields, and developments in the North Sea is more your interest, why not attend our event  Oil and Gas Outlook North Sea.