Petrojarl
Encyclopedia
Teekay Petrojarl is the largest Floating Production Storage and Offloading
(FPSO) operator in the North Sea
with a daily production of 339,000 barrels of oil
per day and a storage capacity of 1 Moilbbl of crude oil. Teekay Petrojarl operates five FPSO vessels, two shuttle tanker
s and one storage tanker
.
(PGS) in 1998 when it acquired Golar-Nor and two FPSO vessels
, Petrojarl I and Petrojarl Foinaven
. Within a year two more vessels were delivered Petrojarl Banff and Petrojarl Varg. In 2005 the company acquired the shuttle tanker Rita Knutsen with possibilities for FPSO conversion.
Petrojarl ASA was demerged from Petroleum Geo-Services in 2006 and listed on Oslo Stock Exchange
in June. Teekay acquired majority ownership in December and Petrojarl ASA became Teekay Petrojarl ASA.
Floating Production Storage and Offloading
A floating production, storage and offloading unit is a floating vessel used by the offshore industry for the processing of hydrocarbons and for storage of oil. A FPSO vessel is designed to receive hydrocarbons produced from nearby platforms or subsea template, process them, and store oil until it...
(FPSO) operator in the 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...
with a daily production of 339,000 barrels of oil
Barrel of oil equivalent
The barrel of oil equivalent is a unit of energy based on the approximate energy released by burning one barrel of crude oil. The US Internal Revenue Service defines it as equal to 5.8 × 106 BTU...
per day and a storage capacity of 1 Moilbbl of crude oil. Teekay Petrojarl operates five FPSO vessels, two shuttle tanker
Shuttle tanker
A shuttle tanker is a ship designed for oil transport from an off-shore oil field. It is equipped with off-loading equipment compatible with the oil field in question...
s and one storage tanker
Oil tanker
An oil tanker, also known as a petroleum tanker, is a merchant ship designed for the bulk transport of oil. There are two basic types of oil tankers: the crude tanker and the product tanker. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries...
.
Operations
| Oil Field | Country | Ship | Operator |
|---|---|---|---|
| Glitne | Norway | Petrojarl I | StatoilHydro StatoilHydro Statoil ASA, trading as Statoil and formerly known as StatoilHydro, is a Norwegian energy company, formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. The Government of Norway is the largest shareholder in Statoil with 67% of the shares... |
| Varg | Norway | Petrojarl Varg | Talisman Energy Talisman 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,... |
| Foinaven | United Kingdom | Petrojarl Foinaven | BP |
| Banff | United Kingdom | Petrojarl Banff | Canadian Natural Resources |
| Siri | Brasil | Petrojarl Cidade de Rio das Ostras | Petrobras Petrobras Petróleo Brasileiro or Petrobras is a semi-public Brazilian multinational energy corporation headquartered in Rio de Janeiro, Brazil. It is the largest company in Latin America by market capitalization and revenue, and the largest company headquartered in the Southern Hemisphere by market... |
History
Teekay Petrojarl started off as Golar Nor Offshore and was part of Petroleum Geo-ServicesPetroleum Geo-Services
Petroleum Geo-Services ASA, an oilfield service company, provides geophysical services worldwide. The company provides various seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The floating production unit was demerged in 2006 and listed as a...
(PGS) in 1998 when it acquired Golar-Nor and two FPSO vessels
Floating Production Storage and Offloading
A floating production, storage and offloading unit is a floating vessel used by the offshore industry for the processing of hydrocarbons and for storage of oil. A FPSO vessel is designed to receive hydrocarbons produced from nearby platforms or subsea template, process them, and store oil until it...
, Petrojarl I and Petrojarl Foinaven
Foinaven oilfield
Foinaven oil field is deepwater oil development approximately west of the Shetland Islands. Together with Schiehallion, Loyal and Clair fields it forms the area generally termed as the West of Shetland.-Field description:...
. Within a year two more vessels were delivered Petrojarl Banff and Petrojarl Varg. In 2005 the company acquired the shuttle tanker Rita Knutsen with possibilities for FPSO conversion.
Petrojarl ASA was demerged from Petroleum Geo-Services in 2006 and listed on Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
in June. Teekay acquired majority ownership in December and Petrojarl ASA became Teekay Petrojarl ASA.