Norwegian oil and gas producer Statoil (STO) said
Tuesday that in on behalf of Mariner partners JX Nippon Exploration and
Production Ltd. and Cairn Energy PLC (CRNCY) has awarded the contract for
drilling services on the Mariner project to Noble Corporation (NE).
MAIN FACTS:
-The contract is for four
years with a one or two years' option.
-Commencement is scheduled from
May
15 2016
to
September 1 2016
.
-Total estimated value for four years is USD655 million including mobilization.
-In February, the
U.K.
government's Department of Energy and Climate Change approved the field
development plan put forward by Statoil and its partners for the Mariner heavy
oil field.
-The project entails investments of more than GBP4.7 billion.
-Statoil expects to start production from Mariner in 2017.
The field is expected to produce for at least 30 years and the average
production is estimated at around 55,000 barrels of oil per day over the
plateau period from 2017 to 2020.
-At 1149
GMT, shares were down 0.6% at NOK138.10.