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  • More hydrocarbons for LOTOS in Norway
    édité le 10/08/2016 - Plus de news de "Lotos" - Voir la fiche entreprise de "Lotos"

More hydrocarbons for LOTOS in Norway
Statoil, LOTOS Norge and Total Norge, which together hold the Utgard licence (formerly Alfa Sentral), have submitted the Plan for Development and Operation of the licence to the Norwegian and British regulators. Production from the Utgard field is scheduled to start in late 2019.

LOTOS’s recoverable reserves amount to 10.3 million boe, and the daily output attributable to its interests is estimated at 4,000 boe.
“The Utgard licence is very important for LOTOS’s business growth in the North Sea,” emphasises Marcin Jastrzębski, Vice President and Chief Operating Officer at Grupa LOTOS S.A. and President of LOTOS Petrobaltic. “Production will be launched with the use, among other assets, of the infrastructure of the Sleipner gas field, in which LOTOS holds interests too, and will continue until 2032.”

The Utgard licence area is located in the North Sea, on the border between Norway’s and UK’s territorial waters, approximately 20 km to the west from the Sleipner field. The hydrocarbon reserves are located at the depth of 3,700 metres, with the sea depth of 110 metres.
LOTOS’s recoverable reserves comprise natural gas (45%) and condensate (55%), which is light crude used to make such products as gasoline and LPG.

The operator of the licence is Statoil. Interests in the Norwegian part of the licence are held by Statoil (62%), LOTOS Norge (28%) and Total Norge (10%).

Sleipner is a major gas hub (distribution centre) on the Norwegian Continental Shelf, linked to numerous countries, including Germany and the United Kingdom, by a gas pipeline network.

About Lotos

Grupa LOTOS is a Poland oil company engaged in the business of production and processing of crude oil, as well as wholesale and retail sale of high quality petroleum products. Grupa LOTOS is a producer and supplier of a number of products, including unleaded gasoline, diesel oil, diesel oil for heating purposes (light fuel oil), aviation fuel and heavy fuel oil. It also specialises in the production and sale of lubricating oils and bitumens.

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, and the world’s second-ranked solar energy operator with SunPower. Our 96,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

About Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway, with approximately 23,000 employees worldwide, and are listed on the Oslo and New York stock exchanges.

Origine : Communiqué Lotos

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