Killajoules

Subsea 7 S.A. awarded contract offshore Norway
Subsea 7 S.A. (Oslo Børs: SUBC) announced today the award of a contract with a value of approximately USD 300 million for the Maria field development by Wintershall Norge AS. The field is located in the Norwegian Sea at a water depth of approximately 300 metres.

Maria field: Plan for Development and Operation (PDO) submitted
Another landmark for Wintershall in Norway: The largest internationally active German crude oil and natural gas producer and its partners have today submitted a Plan for Development and Operation (PDO) for the Maria field in the Norwegian Sea to the Norwegian Ministry of Petroleum and Energy. This is the first time Wintershall, as operator of the field, has submitted a PDO for a Norwegian development. Today, Martin Bachmann, Member of the Board of Executive Directors of Wintershall, handed the document to the Norwegian Minister Tord Lien.

Wintershall awards subsea contracts for Maria field
Wintershall, Germany’s largest internationally active oil and gas producer announces the award of its first significant subsea contract for its Norwegian activities. Worth approximately NOK 1.8 billion (280 million US-Dollar ), the contract for Wintershall’s Maria development goes to FMC Technologies’ Norwegian subsidiary FMC Kongsberg Subsea AS. It has been assigned after a thorough selection process and in alignment with the other license partners. The award positions Wintershall as a growth operator in the subsea arena, and puts the company in a position to move forward with existing and new developments on the Norwegian Continental Shelf.

FMC Technologies Awarded Frame Agreement to Supply Subsea Production Systems by Wintershall Norge AS
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a long term frame agreement with Wintershall Norge AS to supply subsea production systems for its developments offshore Norway. The first call-off under the frame agreement, covering subsea equipment for Wintershall's Maria field, has been awarded. This initial call-off has an estimated value of $280 million in revenue.

Realising value to further strengthen NCS portfolio
Statoil ASA (OSE: STL, NYSE: STO) farms down in Aasta Hansteen, Asterix and Polarled and exits two assets on the NCS for a consideration of USD 1.3 billion, including contingent payment.

Enhancement of the exploration & production portfolio through North Sea acquisition
MOL Plc. hereby informs the capital market participants that in line with the company’s active portfolio development strategy, MOL has executed Share Purchase Agreements with Wintershall Norge AS for acquiring shareholding interest of Wintershall’s UK North Sea basin off-shore assets in 14 licences. The transaction provides MOL with an opportunity to acquire a foothold in the attractive North Sea area. The portfolio includes non-operated equity stakes in the Broom (29% Working Interest), Catcher (20% WI), Cladhan (33.5% WI), Scolty and Crathes fields (50% WI). In addition, Wintershall’s equity share in infrastructure on the Sullom Voe Terminal and Brent Pipeline System are also part of the deal.

Transaction with Wintershall on Norwegian continental shelf now completed
The agreement signed with the German oil and gas company Wintershall—which includes the divestment of Statoil's share of the Brage licences, a farm-down in Gjøa and Vega, and acquisition in the Edvard Grieg licence in the North Sea—has been completed.

Qatar Petroleum and Wintershall discover gas in Block 4 North in Qatar
Qatar Petroleum (QP) and Wintershall announced today that they have made a gas discovery in exploration Block 4 North, offshore Qatar.

Wintershall makes oil discovery in the Dutch North Sea
Wintershall announces an oil discovery in exploration licence F17a in the Dutch North Sea about 120 kilometers north of Den Helder. Exploration well F17-10 found a Late Cretaceous Chalk reservoir of good quality containing crude oil. Oil was produced during a production test. The well was spudded on 18 September 2012 with jack-up rig GSP Saturn in a water depth of 44 meters. The well drilled to a total depth of 1490 meters into the top of a salt dome. Measurements taken in the well indicate the presence of a significant oil column. Preliminary resource estimates indicate a potential of at least 30 million barrels recoverable oil with a more than significant upside. The well will be plugged and abandoned. Commercial viability of the discovery as well as further upside will need to be confirmed through appraisal drilling planned in 2013.

Statoil and Wintershall sign major strategic gas supply agreement
Statoil and Wintershall have entered into a 10-year gas sales agreement for the delivery of a total of 45 billion cubic meters (bcm) to the German and other North-West European markets.