Gyda Oil Field
Encyclopedia
Gyda is an offshore oil field
located in the southern Norwegian section of North Sea
along with Ula
, Tambar
and Tambar East fields making up the UGT area, usually attributed to DONG Energy
's main areas of exploration and production activity. The Gyda field was discovered in 1980 and started producing on June 21, 1990. The field contains confirmed 39.6 million m3 of oil and 6.6 billion cubic meter of natural gas.
is the operator of the field with 61% of interest in the project. The full share was bought by Talisman Energy in 2003 from the previous operator, BP
for $82 million. Partners of Talisman Energy, DONG Energy
and Norske AEDC AS (NAEDC),owned by Arabian Oil Company (AOC), hold 34% and 5% interest in the project, respectively. holds 34% Capital spending on Gyda was expected to be $131 million.
and on to Teesside
for refining.
Oil field
An oil field is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometres across, full exploitation entails multiple wells scattered across the area...
located in the southern Norwegian section of North Sea
North Sea
In the southwest, beyond the Straits of Dover, the North Sea becomes the English Channel connecting to the Atlantic Ocean. In the east, it connects to the Baltic Sea via the Skagerrak and Kattegat, narrow straits that separate Denmark from Norway and Sweden respectively...
along with Ula
Ula oil field
Ula is an offshore oil field located in the southern Norwegian section of North Sea along with Gyda, Tambar and Tambar East fields making up the UGT area, usually attributed to DONG Energy's main areas of exploration and production activity. The Ula field was discovered in 1976 and came online in...
, Tambar
Tambar oil field
Tambar is an offshore oil field located in the southern Norwegian section of North Sea along with Ula and Gyda fields making up the UGT area, usually attributed to DONG Energy's main areas of exploration and production activity. The Ula field was discovered in 1983 and came online in 2001. Tambar...
and Tambar East fields making up the UGT area, usually attributed to DONG Energy
DONG Energy
-History:The Danish state company Dansk Naturgas A/S was founded in 1972 to manage resources in the Danish sector of the North Sea. After some years, the company was renamed to Dansk Olie og Naturgas A/S . At the beginning of 2000s, DONG started to extend itself into the electricity market by...
's main areas of exploration and production activity. The Gyda field was discovered in 1980 and started producing on June 21, 1990. The field contains confirmed 39.6 million m3 of oil and 6.6 billion cubic meter of natural gas.
Ownership
Talisman EnergyTalisman Energy
Talisman Energy Inc. is one of Canada's largest petroleum SB companies. Based in Calgary, Alberta, Talisman Energy has operations around the globe including: Canada and the United States of America in North America; Colombia and Peru in South America; Algeria in North Africa; United Kingdom,...
is the operator of the field with 61% of interest in the project. The full share was bought by Talisman Energy in 2003 from the previous operator, BP
BP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...
for $82 million. Partners of Talisman Energy, DONG Energy
DONG Energy
-History:The Danish state company Dansk Naturgas A/S was founded in 1972 to manage resources in the Danish sector of the North Sea. After some years, the company was renamed to Dansk Olie og Naturgas A/S . At the beginning of 2000s, DONG started to extend itself into the electricity market by...
and Norske AEDC AS (NAEDC),owned by Arabian Oil Company (AOC), hold 34% and 5% interest in the project, respectively. holds 34% Capital spending on Gyda was expected to be $131 million.
Production
Gyda is located in approximately 66 m (216.5 ft) of water. The main reservoir stands at 4000 m (13,123.4 ft) in the Upper Jurassic Ula Formation. The field has one conventional steel facility with production, drilling, living quarters. Gyda currently produces an average of 10000 oilbbl/d. The field also produces excessive amount of water making the oil production stable. Due to the difficulties, the production license was extended to 2018. Several new wells are currently being drilled. The produced oil is transported by a pipeline to Ekofisk oil fieldEkofisk oil field
Ekofisk is an oil field in the Norwegian sector of the North Sea about southwest of Stavanger. Discovered in 1969, it remains one of the most important oil fields in the North Sea. Production began in 1971 after the construction of a series of off-shore platforms by Phillips Petroleum Company...
and on to Teesside
Teesside
Teesside is the name given to the conurbation in the north east of England made up of the towns of Middlesbrough, Stockton-on-Tees, Redcar, Billingham and surrounding settlements near the River Tees. It was also the name of a local government district between 1968 and 1974—the County Borough of...
for refining.
See also
- Ula oil fieldUla oil fieldUla is an offshore oil field located in the southern Norwegian section of North Sea along with Gyda, Tambar and Tambar East fields making up the UGT area, usually attributed to DONG Energy's main areas of exploration and production activity. The Ula field was discovered in 1976 and came online in...
- Oselvar oil fieldOselvar oil fieldOselvar is an offshore oil field located southwest of Stavanger in the southern Norwegian section of North Sea, close to the English border. Oselvar was discovered in 1991. The field is also at distance from Ula field to which it will be tied via subsea pipeline. Estimated reserves at Oselvar...
- Ekofisk oil fieldEkofisk oil fieldEkofisk is an oil field in the Norwegian sector of the North Sea about southwest of Stavanger. Discovered in 1969, it remains one of the most important oil fields in the North Sea. Production began in 1971 after the construction of a series of off-shore platforms by Phillips Petroleum Company...
- NorpipeNorpipeNorpipe is the undersea oil and natural gas pipeline's system in the North Sea. It supplies oil from the Norwegian Ekofisk and associated fields in the North Sea to the United Kingdom and natural gas to Germany.-Oil pipeline:...
- North Sea oilNorth Sea oilNorth Sea oil is a mixture of hydrocarbons, comprising liquid oil and natural gas, produced from oil reservoirs beneath the North Sea.In the oil industry, the term "North Sea" often includes areas such as the Norwegian Sea and the area known as "West of Shetland", "the Atlantic Frontier" or "the...
- Economy of NorwayEconomy of NorwayThe economy of Norway is a developed mixed economy with heavy state-ownership in strategic areas of the economy. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era...