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Njord Oil Field
The Njord oil field (''Njord – petroleumsfelt'') is an oil field west of the Draugen field, in the Norwegian Sea. The field lies around northwest of Kristiansund municipality, Norway. Although the field was discovered in 1986, production did not begin until 1997. Operation facilities at the field consist of Njord A, a floating steel platform unit, containing drilling and processing facilities (along with living quarters), and Njord Bravo, a storage vessel. Ownership of the field is divided between Wintershall Dea Norge AS (50%), Equinor Energy AS (27.5%) and Neptune Energy Norge AS (22.5%). Between 2016 and 2020, the field is being shut down to allow for upgrades to the facilities. This aims to make the field ready to produce until 2040. The contract for upgrading Njord A, (worth NOK 5 billion) was awarded to Kværner. Remaining reserves are roughly 20 million barrels of oil and 9 BCM natural gas Natural gas (also called fossil gas or simply gas) is a naturally occu ...
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Norway
Norway, officially the Kingdom of Norway, is a Nordic countries, Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of Norway. Bouvet Island, located in the Subantarctic, is a Dependencies of Norway, dependency of Norway; it also Territorial claims in Antarctica, lays claims to the Antarctic territories of Peter I Island and Queen Maud Land. The capital and largest city in Norway is Oslo. Norway has a total area of and had a population of 5,425,270 in January 2022. The country shares a long eastern border with Sweden at a length of List of countries and territories by land borders, . It is bordered by Finland and Russia to the northeast and the Skagerrak strait to the south, on the other side of which are Denmark and the United Kingdom. Norway has an extensive coastline, facing the North Atlanti ...
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Norwegian Sea
The Norwegian Sea ( no, Norskehavet; is, Noregshaf; fo, Norskahavið) is a marginal sea, grouped with either the Atlantic Ocean or the Arctic Ocean, northwest of Norway between the North Sea and the Greenland Sea, adjoining the Barents Sea to the northeast. In the southwest, it is separated from the Atlantic Ocean by a submarine ridge running between Iceland and the Faroe Islands. To the north, the Jan Mayen Ridge separates it from the Greenland Sea. Unlike many other seas, most of the bottom of the Norwegian Sea is not part of a continental shelf and therefore lies at a great depth of about two kilometres on average. Rich deposits of oil and natural gas are found under the sea bottom and are being explored commercially, in the areas with sea depths of up to about one kilometre. The coastal zones are rich in fish that visit the Norwegian Sea from the North Atlantic or from the Barents Sea (cod) for spawning. The warm North Atlantic Current ensures relatively stable and high wate ...
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Equinor
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. the company has 21,126 employees. The current company was formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. As of 2017, the Government of Norway is the largest shareholder with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy. The company is headquartered and led from Stavanger, while most of their international operations are currently led from Fornebu, outside Oslo. The name ''Equinor'' was adopted in 2018 and is formed by combining ''equi'', the root for words such as ''equity'', ''equality'', and ''equilibrium'', and ...
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Wintershall Dea
Wintershall Dea GmbH is a German gas and oil producer. The joint venture was created in May 2019 by the merger between Wintershall Holding GmbH and DEA Deutsche Erdoel AG. BASF SE has a 67% stake in it, with the other 33% being held by LetterOne, whose main ultimate owner is the Russian business magnate Mikhail Fridman. it was planning listing on the Frankfurt Stock Exchange. the company had numerous gas assets in Russia and was a key actor in financing the Nord Stream 2 project, lending substantial sums to the Russian state-owned energy giant Gazprom. On the eve of Russia's invasion of Ukraine in February 2022, DEA advocated against punitive measures on Russia that focused on gas supply and pipelines. When Germany suspended Nord Stream 2 due to Russia's invasion, DEA argued that it should be compensated for its €730 million investment in the pipeline. Mikhail Fridman, Russian oligarch and prominent enabler of the Vladimir Putin regime in Russia, is a minority shareholder i ...
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Petroleum Reservoir
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, a ...
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Draugen Oil Field
Draugen is an oil field in the Norwegian Sea with a sea depth of . It has been operating by A/S Norske Shell until sold tAS OKEAin 2018. The field has been developed with a concrete fixed facility and integrated topside. Stabilized oil is stored in tanks in the base of the facility. Two flowlines connect the facility to a floating loading buoy. The Garn Vest and Rogn Sør deposits have been developed with a total of five subsea wells connected to the main facility at Draugen. The field has six subsea water injection wells. Additional resources in the Garn Vest structure came on stream in December 2001, while development of additional resources at the Rogn Sør structure were approved in the spring of 2001, coming on stream in January 2003. Reservoirs The major reservoir is the Rogn Formation, a shallow marine sand bar of the Late Jurassic at around , while on the western side of the field is the Garn Formation of the Middle Jurassic.Provan, D.M., Draugen Oil Field, Haltenbanken ...
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Kristiansund
Kristiansund (, ; historically spelled Christianssund and earlier named Fosna) is a municipality on the western coast of Norway in the Nordmøre district of Møre og Romsdal county. The administrative center of the municipality is the town of Kristiansund (established in 1742), which is the major town for the whole Nordmøre region. Other notable settlements in the municipality include the villages of Kvalvåg, Rensvik, and Nedre Frei. The municipality is the 333rd largest by area out of the 356 municipalities in Norway. Kristiansund is the 52nd most populous municipality in Norway with a population of 24,013. The municipality's population density is and its population has increased by 0.8% over the previous 10-year period. General information The parish of ''Christianssund'' was established as a municipality on 1 January 1838 (see formannskapsdistrikt law). Initially, the small island municipality included just the town of Christianssund and its immediate surrounding area. ...
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Oil Rig
{{about, , the mnemonic OIL RIG, Redox An oil rig is any kind of apparatus constructed for oil drilling. Kinds of oil rig include: * Drilling rig, an apparatus for on-land oil drilling * Drillship, a floating apparatus for offshore oil drilling * Oil platform, an apparatus for offshore oil drilling * Oil well An oil well is a drillhole boring in Earth that is designed to bring petroleum oil hydrocarbons to the surface. Usually some natural gas is released as associated petroleum gas along with the oil. A well that is designed to produce only gas ma ..., a boring from which oil is extracted Petroleum engineering ...
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Norwegian Krone
The krone (, abbreviation: kr (also NKr for distinction); code: NOK), plural ''kroner'', is currency of the Kingdom of Norway (including Svalbard). Traditionally known as the Norwegian crown in English. It is nominally subdivided into 100 '' øre'', although the last coins denominated in øre were withdrawn in 2012. The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn. Norwegians spent 14.1 billion NOK on border shopping in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly common practice amongst Norwegians, though it is seldom done on impulse. Money is spent mainly on food articles, alcohol, and tobacco, in that order, usually in bulk or large quantities. This is due to consid ...
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Kværner
Kværner was a Norwegian engineering and construction services company that existed between 1853 and 2005. In 2004, it was amalgamated to the newly formed subsidiary of Aker ASA - Aker Kværner, which was renamed Aker Solutions on 3 April 2008. Kværner re-emerged on 6 May 2011, when the EPC (engineering, procurement and construction) part of Aker Solutions took the Kværner name. The new Kværner company was listed on the Oslo Stock Exchange on 8 July 2011. History Kvaerner Brug was founded in Oslo in 1853 by industrialist Oluf A. Onsum (1820-1899). The company became principally involved in the production of cast iron stoves. In 1870, Kvaerner built its first hydroelectric turbine. During the early 1900s, Kvaerner power turbines remained the principal product line which also included bridges, cranes, and pumps. Kvaerner was listed on the Oslo Stock Exchange in 1967. By the 1990s, the company assembled a collection of engineering and industrial businesses, including sh ...
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Barrel (unit)
A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons the volumes of some barrel units are roughly double the volumes of others; volumes in common use range approximately from . In many connections the term is used almost interchangeably with ''barrel''. Since medieval times the term as a unit of measure has had various meanings throughout Europe, ranging from about 100 litres to about 1,000 litres. The name was derived in medieval times from the French , of unknown origin, but still in use, both in French and as derivations in many other languages such as Italian, Polish, and Spanish. In most countries such usage is obsolescent, increasingly superseded by SI units. As a result, the meaning of corresponding words and related concepts (vat, cask, keg etc.) in other languages often refers to a physical contain ...
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Natural Gas
Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon dioxide, nitrogen, hydrogen sulfide, and helium are also usually present. Natural gas is colorless and odorless, so odorizers such as mercaptan (which smells like sulfur or rotten eggs) are commonly added to natural gas supplies for safety so that leaks can be readily detected. Natural gas is a fossil fuel and non-renewable resource that is formed when layers of organic matter (primarily marine microorganisms) decompose under anaerobic conditions and are subjected to intense heat and pressure underground over millions of years. The energy that the decayed organisms originally obtained from the sun via photosynthesis is stored as chemical energy within the molecules of methane and other hydrocarbons. Natural gas can be burned for h ...
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