Effective work processes, simplified well design, better planning and more efficient utilisation of drilling facilities help to explain the improvements. These have made it possible to drill more wells this year and offer opportunities to do so again in 2016. The measures which work in drilling are relevant for other disciplines as well, and good work is also being done in other areas.
To make further progress, work must be done on utilising new technological opportunities, on contracts and on continued development of an open and trusting collaboration between operator and suppliers at all levels.
\u201cWe in Petoro are now seeing the results of short-term measures which have had an immediate effect,\u201d observes Moen. \u201cFundamental changes in the way the industry collaborates will call for a lengthy commitment. It\u2019s positive that Statoil, as the leading operator, is now saying clearly that costs must be reduced to the level which prevailed in the industry during the early 2000s. That\u2019ll boost the profitability of new projects and yield increased activity on the Norwegian continental shelf (NCS).\u201d
The Gullfaks wet gas compression and \u00c5sgard subsea compression projects have become operational in recent months. Extensive development work and the use of new technology have provided efficient solutions and improved profitability in both cases.
\u201cThis wouldn\u2019t have been possible without close collaboration between operator, partners and suppliers, and demonstrates the potential offered by effective collaboration over common goals,\u201d says Moen. \u201cWe\u2019ve been an active driver in the development of these technologies, and also want these solutions to be exploited on other fields.\u201d
Net cash flow from the SDFI in oil and gas operations on the NCS came to NOK 17 billion in the third quarter, down by NOK 2 billion from the same period of 2014. High production and sales of gas, higher gas prices and the USD\/NOK exchange rate reduced the effect of lower oil prices. Investment for the first nine months was NOK 6 billion lower than in the same period of last year.
Field costs for Petoro\u2019s portfolio declined in the first nine months compared with the same period of 2014. Other indicators are also moving in a positive direction.<\/p>\n\n\n\n