We foresee an increasing transition from topside installations to intelligent, remotely-operated and autonomous seabed facilities, coupled to ultra-long subsea tie-backs and wellstream compression devices.
- We began gas liquefaction at the Melkøya plant outside Hammerfest in northern Norway during the autumn of 2007.
- We signed a frame agreement in the autumn of 2007 for a 24% share of Shtokman Development AG, which will develop the first phase of the Shtokman field in the Russian sector of the Barents Sea. This ranks as the world’s largest undeveloped offshore gas discovery.
- We were awarded new exploration licences in the Chukchi Sea off Alaska during February 2008, and are operator for all the blocks.
- We are operator for and partner in prospects off Newfoundland and Nova Scotia, as well as holding interests in the producing Terra Nova and Hibernia fields in these waters. Our Canadian offshore holdings currently embrace eight exploration licences, two production licences and 26 discoveries off Newfoundland.
- We acquired North American Oil Sands Corporation in Canada – now part of StatoilHydro Canada – during 2007.