ExxonMobil secures PSA Licence to use Light Well Intervention

ExxonMobil secures PSA Licence to use Light Well Intervention

Petroleum Safety Authority (PSA) has given ExxonMobil a consent to use Island Frontier and Island Wellserver for light well intervention (LWI) at Sigyn says Subsea World News

The Sigyn field is located west of Stavanger in production licence 072, where ExxonMobil Exploration and Production Norway AS (ExxonMobil) is the operator. The field contains gas, condensate and light oil.

Sigyn has been developed using a subsea well template. The well stream is transported to the Sleipner A facility 12 kilometers north-west of the well template.

ExxonMobil has received consent to use the two mobile drilling facilities Island Frontier and Island Wellserver for undertaking light well intervention at Sigyn. The activities are scheduled to start in August and last to the end of 2016.

It is provisionally uncertain as to which facility will be used for the well intervention, since this depends on optimizing the work schedules for the two facilities, PSA noted.

The period may also be extended into 2017 if the availability of the facilities so dictates.

The two facilities are owned by Island Offshore.

Related News:Exxon Mobil Announces second-quarter Earnings

Exxon Mobil Corporation has announced estimated second-quarter 2016 earnings of $1.7 billion, or $0.41 per diluted share, compared with $4.2 billion a year earlier. The results reflect sharply lower commodity prices, weaker refining margins and continued strength in the Chemical segment.

“While our financial results reflect a volatile industry environment, Exxon Mobil remains focused on business fundamentals, cost discipline and advancing selective new investments across the value chain to extend our competitive advantage,” said Rex W. Tillerson, chairman and CEO. “The corporation benefits from scale and integration, which provide the financial flexibility to invest in attractive opportunities and grow long-term shareholder value.”

Leave a Comment

Your email address will not be published. Required fields are marked *

Special Discount

 *Limited period offer.

Sign up and get 10% off every epochem chemical purchase

Scroll to Top
Scroll to Top