Åsgard Licensees Awarded the NPD's IOR Prize

[31.08.2016]
Erling Bergerød accepted the price on behalf of Petoro.
The Norwegian Petroleum Directorate (NPD) awarded its Improved Oil Recovery (IOR) prize to Åsgard licensees at ONS 2016. The citation emphasized that through Åsgard subsea compression, the licensees have demonstrated how creativity, persistence and willingness to take risks, both in terms of the use of methods and technology, can increase the recovery of oil and gas beyond previous expectations
- Many innovative solutions were used in developing the Åsgard field. The newly operational subsea compression is a natural continuation of the oil field's exciting history, and will contribute to a long and profitable production for its owners, said Vice President Licenses Kjell Morisbak Lund.
 
The Norwegian continental shelf is now in a more mature phase, which means further development is very much about turning marginal investments into profitable ones. The need for increased industrialization and efficient application of technology is increasingly more evident. Subsea solutions use technology-driven automations, a classic characteristic of industrialization.
 
Petoro focuses on targeted technological development in the oil industry, and has advocated for Åsgard’s subsea compression solution for more than ten years.
 
- I want to emphasize that this is part of what makes Norwegian suppliers stand out globally. Petoro looks forward to capitalizing on this investment, not only as owners of Åsgard, but in realizing the immense potential that the Norwegian continental shelf still has for the efficient production of oil and gas, stated Morisbak Lund.
 

Other news

3000 billion kroner from the SDFI since 2001
[11.03.2024] - Press Release Petoro 2023 results
3000 billion kroner from the SDFI since 2001
Read more
3000 billion kroner from the SDFI since 2001 - 2024-03-11 10:00
Continued strong cash flow despite lower gas prices and maintenance
[07.11.2023] - Press release - Third quarter 2023
Continued strong cash flow despite lower gas prices and maintenance
Read more
Continued strong cash flow despite lower gas prices and maintenance - 2023-11-07 10:00
Petoro delivered NOK 180 billion to the state in the first half of 2023
[02.08.2023] - Press release - Second quarter 2023
Petoro delivered NOK 180 billion to the state in the first half of 2023
Read more
Petoro delivered NOK 180 billion to the state in the first half of 2023 - 2023-08-02 10:00
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State
[09.05.2023] - Press release - First quarter 2023
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State
Read more
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State - 2023-05-09 10:00
528 billion to the Norwegian state in 2022 - a year of exceptions
[14.03.2023] - Press Release Petoro 2022 results
528 billion to the Norwegian state in 2022 - a year of exceptions
Read more
528 billion to the Norwegian state in 2022 - a year of exceptions - 2023-03-14 10:00
New development plan for Snøhvit delivered
[21.12.2022]
New development plan for Snøhvit delivered
Read more
New development plan for Snøhvit delivered - 2022-12-21 14:00
Plan for Dvalin North gas field submitted
[13.12.2022]
Plan for Dvalin North gas field submitted
Read more
Plan for Dvalin North gas field submitted - 2022-12-13
Verdande secures important oil volumes for Norne
[03.12.2022]
Verdande secures important oil volumes for Norne
Read more
Verdande secures important oil volumes for Norne - 2022-12-06 11:00
Irpa in the Norwegian Sea will secure more gas to Europe
[22.11.2022]
Irpa in the Norwegian Sea will secure more gas to Europe
Read more
Irpa in the Norwegian Sea will secure more gas to Europe - 2022-11-22
PDO for Maria phase 2
[15.11.2022]
PDO for Maria phase 2
Read more
PDO for Maria phase 2 - 2022-11-15