Author Topic: Norway Troll Oil Production To Highest Output Level Since 2009  (Read 315 times)

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The oil sector braces for more production from around the world and an insipid OPEC Process from Istanbul to Vienna The OPEC Oil Production Deal Schedule , lets not forget Norway. It what had been falling production the North Sea Troll field production will increase to 46.5 million barrels from 41.7 million. This puts the field  at its  the highest output level since 2009. Norway's oil and energy ministry has approved the hike in the 2016 oil output quota today.

Field operator Statoil requested an increase on behalf of the license partners in September and the ministry granted it on Nov. 4, a letter from the ministry showed. Troll produced 33.2 million barrels of oil during the first nine months of 2016 according to data from Norway's Petroleum Directorate. Other partners in the field are Norway's state-owned Petoro, Shell, Total and ConocoPhillips.

 

Troll field is a major supplier of natural gas to Europe and the permitted oil output is tightly regulated to prevent a drop in output from the gas reservoir.

Source: Reuters, Statoil

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TradersCom

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Reuters reports from OSLO Dec 16

Kollsnes which is Norway's largest gas-processing plant will be partially shut from May 6-20 and from Sept. 2-20 next year, gas system operator Gassco said on Friday as it announcedits 2017 maintenance plans.

Quote
Norway exports natural gas from its offshore fields via a dense network of subsea pipelines to Britain, Germany, France and Belgium after processing it at onshore plants.

Norwegian gas meets about 25 percent of Europe's demand.

The Kollsnes plant in western Norway processes gas from the country's biggest offshore field, Troll, a key gas supply source for Western Europe. The partial shutdown will reduce the plant's daily production capacity of 144.5 million cubic metres (mcm) by 38.5 mcm, Gassco said on its website. The plant and the Troll field will be shut completely for one day on May 15, it added.

Maintenance Season

Quote
Maintenance plans showed most of Norway's capacity reductions will occur in June and September, while the total scope was smaller than in 2016.

Gas import terminals at Dornum and Emden in Germany were expected to be shut for yearly maintenance on May 6-24, while maintenance at St Fergus terminal in Scotland was to reduce export capacity by 5 mcm/day for three months starting July 1.

There were no plans announced for annual maintenance at the Troll field, Kaarstoe or Nyhamna gas-processing plants.

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