Killajoules

Statoil optimises portfolio – realising USD 394 million from Marcellus asset
Statoil has agreed to reduce its working interest in the non-operated US southern Marcellus onshore asset from 29% to 23%, following a USD 394 million transaction with Southwestern Energy (the “transaction”).

Statoil awards Mariner drilling and well services contract to Schlumberger Oilfield UK
Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf (UKCS) to Schlumberger Oilfield UK Plc.

Development plan for Gullfaks Rimfaks valley submitted
Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million barrels of oil equivalent, the development will extend the lifetime of the Gullfaks A platform.

Aker Solutions Set to Deliver Modules for World's First Subsea Compression System
Aker Solutions is set to deliver the modules for the world's first subsea gas compression system at the Statoil-operated Åsgard field. The facility, scheduled to come on stream in 2015, will enable the recovery of an additional 282 million barrels of oil equivalents.

Aker Solutions Wins Hook-Up and Commissioning Contract for Mariner Development
Aker Solutions secured a contract from Daewoo Shipbuilding and Marine Engineering to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield development in the UK North Sea.

Åsgard gas field compression station to be powered by Nexans umbilicals
The world’s first subsea gas compression station will begin operation at the Åsgard gas field next year after Nexans delivered sophisticated power umbilicals to Statoil, which manages the field. The innovative umbilicals delivered by Nexans combine power, fiber-optic and hydraulic lines in a single cross-section and will be used to transmit power, signals and fluid to compressors and pumps, and for communication between Åsgard A, Åsgard B and the subsea compression station.

Chevron Sanctions Stampede Project in the Deepwater U.S. Gulf of Mexico
Chevron Corporation (NYSE: CVX) announced today that its subsidiary, Union Oil Company of California (Union), has reached a final investment decision to proceed with the development of the Hess Corporation-operated Stampede project in the deepwater U.S. Gulf of Mexico. Stampede is a deepwater subsea development, which will be tied-back to a newly constructed Tension Leg Platform.

Statoil takes on offshore operatorship in Australia
Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia.
This is Statoil’s third asset in Australia, adding to the onshore operatorship in the Northern Territory’s South Georgina basin and four BP-operated offshore permits in the Great Australian Bight.

New oil resources proved in the Grane area
Operator Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.

Statoil makes seventh discovery offshore Tanzania
Statoil and co-venturer Exxon Mobil today announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania.