ShippingWatch

Dea breathes new life into offshore expansion

After the Zidane expansion, in which Maersk Oil is a partner, was shelved last year, the partners are now back working on the billion dollar project which holds an estimated 17 billion cubic meters of gas.

The Heidrun field, from where the expansion is planned. | Photo: Harald Pettersen - Statoil

Sliding prices from subcontractors contributed to making the plans to expand the Heidrun worth taking another look at the for the partners in the field. With an original investment estimate of USD 1.16 - 1.50 billion, this figure should be significantly lower today, and Dea Norge confirms to ShippingWatch that the plans for the expansion, which goes by the name Zidane, are back in play.

"There are several factors that contribute to us now aiming to deliver a plan for the expansion and operating to authorities next year. All involved parties have worked hard in the past year and have contributed constructively to increase the value of the Zidane project," communication consultant Nicoline Skrent-Ellingsen of Dea Norge tells Offshore.no.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Further reading

Related articles

Latest news

See all jobs