mikudagur 9. september 2009síða 1

17 SEPTEMBER 2009 latest development is that Total, which owns the Laggan and other gasfields close by, such as Tormore, has tangibly begun working to find the best development solution. There is talk of first gas in 2014. At the meeting with Mr Dahl, high- standing officials in the Petroleum Administration presented the various development scenarios’ currently on the table. Sosialurin has now also gained an insight to these plans and will present them today for the very first time. These plans contain, among other aspects, the construction of a reception terminal ashore at Sullom Voe, the building of an offshore production terminal, either close inshore or at the Laggan-field itself halfway between Shetland and the Faroe border, or to go even further west and build a reception terminal close to the Rosebank discovery, which is very close to the Faroe border. The amounts involved are astronomical, being in the 30 to 40 billion kroner class, when there is talk of developing gasfields and building an infrastructure in this context. One reason why such a project could materialise is the large demand for gas on the UK market. It is very important not to become too attached and dependent upon Russian gas. Gas discoveries and a production west of Shetland could be very important for the future UK economy and hopefully in this context, future discoveries in the Faroes could enter the stage. Task Force Objective »To identify wheter there is an economic collective technical solution to the development of the resource base to the West of Shetland with a potential development horizon within the next 5 years compatible with project timing ranges and system export ullage To identify what commercial approach might make development attractive to contribute field owners« West of Shetland Key Characteristics • Extreme / hostile enviroment • Distance from gas market • Absence of export gas pipeline direct to TRANSCO entry point at St Fergus • Diverse partnership • Ca. 60 bcm gas discovery • Ca. 60 bcm upside on discovered resources • Ca. 110 bcm og undiscovered potential Talk of oil industry cooperation between Shetland and the Faroes, Mr Johan Dahl at the forefront on the left together with his officials and Mr Alistair Carmichael, MP for the Orkneys and chairman for the Faroe Committee in the UK House of Parliament together with other MP’s. P hoto: Jan Müller