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Page added on February 13, 2013

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Statoil to build Arctic oil terminal

Production

Norwegian energy company Statoil ASA says it plans to build a new oil terminal on the country’s Arctic coast to process oil from a recent discovery in the Barents Sea.

Statoil chose a development concept Tuesday that envisions transporting oil from the Skrugard field, which is expected to come on stream in 2018, through a 174-mile (280-kilometer) pipeline to the new terminal outside Honningsvaag, on Norway’s northern tip.

Statoil vice president Oeystein Michelsen says the project “may spark off a new industrial era” in northern Norway.

In 2011 the company announced large oil finds in the Skrugard and nearby Havis fields in the Barents Sea, which is seen as Norway’s new frontier for offshore oil and gas. Statoil says production is expected to reach almost 200,000 barrels per day.

AP



7 Comments on "Statoil to build Arctic oil terminal"

  1. BillT on Wed, 13th Feb 2013 2:52 am 

    Five years to tame the Arctic. That is an aggressive goal. Exxon found out just how dangerous the Arctic can be, last summer. Just about to put down the first straw and along comes Mother Nature driving a state sized chunk of ice right at the site…lol. Beep! Beep!

  2. GregT on Wed, 13th Feb 2013 5:42 am 

    From Dow Jones Newswire: “Just seven kilometers apart, the two fields have combined resources estimated at between 400 million and 600 million barrels of oil equivalent.

    Wow, another massive discovery! With the remote possibility of keeping the world supplied in “oil equivalent” for almost three more weeks.

  3. GregT on Wed, 13th Feb 2013 5:45 am 

    Oops, sorry my bad. ONE more week.

  4. Arthur on Wed, 13th Feb 2013 1:52 pm 

    280 km pipe, that is 2800 pieces of 100 meter. Diameter? 20 inch? What is the diameter of a 5 MW turbine? 2 m? Let’s scale 1:10, that is 10 100 m pipe pieces for 1 100 m tower. That would be 280 5 MW = 1.4 GW peak. Maybe the best thing to do is use the pipe for the oil first, use the oil to produce wind towers and finally lift the pipe from the bottom of the sea and turn them into towers as well.

  5. BillT on Wed, 13th Feb 2013 3:33 pm 

    Arthur, every step you mention takes millions of barrels of oil on any scale. The pipe will remain in the ground where it is placed until the earth’s crust reclaims the metal. China produced 10.5 MILLION TONS of steel oil well pipe in 2012 alone and that was not the total world production. Consider how many billion tons of pipe are now in the earth and you can see how we are running low on materials.

    Those windmills are NOT going to be scaled up in quantity in any significant amount. Nor are PV panels going to be scaled up in any appreciable amount.

    The per person energy supply has been falling since the 70s and will continue to do so for a long time. Wind and PV may extend the electric system for a while, but when they wear out, they will NOT be replaced. It takes more than ores and willpower. It takes billions and trillions of Euro/Dollar/Yuan to make those things happen. The world is broke, or haven’t you noticed yet?

  6. Arthur on Wed, 13th Feb 2013 5:26 pm 

    http://en.wikipedia.org/wiki/List_of_countries_by_steel_production

    The US produced 88.6 million ton steel in 2012.

    A few days ago I blogged that the US needs 250,000 3 MW turbines to replace 40% electricity and replace every car with an EV (I do not recommend that).

    5 MW wind turbines = 700 ton steel. 150,000 5 MW towers require 105 million ton of steel, slightly more than one year US production. That is perfectly doable in the ASPO time span of 30 years.

    Add 40% solar and 20% hydro and you are ready with the transition.

  7. Kenz300 on Thu, 14th Feb 2013 3:13 pm 

    The price of oil,coal and nuclear keeps rising and causing environmental damage.

    The price of wind and solar keeps dropping and are clean and safe.

    Around the world countries are moving to safe, clean alternative energy sources and away from fossil fuels.

    The transition has begun.