Recruitment positions for the Oil and Gas industry
Latest jobs >>>
GIS & MAPPING SPECIALIST

Maersk Oil is looking for a professional GIS and Mapping Specialist to join the Survey Group in our Copenhagen headquarters.

Maersk Oil
Senior Electrical Engineer

Gaz de France Norge is part of the newly established GDF SUEZ group – a world leader in energy. We are on the lookout for talented individuals to help us grow as a major player on the Norwegian continental shelf.

Gaz de France Norge
Manager Health and Safety

We are looking for an experienced Health and Safety professional with Leadership presence, who has the ability to drive a ‘step change’ in Safety performance and who has demonstrated success in a similar capacity to fill the role of Manager Health and Safety

Origin Energy
Senior Geophysicist

Gaz de France Norge is part of the newly established GDF SUEZ group – a world leader in energy. We are on the lookout for talented individuals to help us grow as a major player on the Norwegian continental shelf.

Gaz de France Norge
Petrophysicist
Gaz de France Norge
Production/Development Geologist
OMV New Zealand Limited
Head of HR
DONG Energy
Navigation Supervisor / Instrument Supervisor
The Fugro Group
Sales Manager
The Fugro Group
The right people make great things happen.
Mercuri Urval
Finance and Administrative Manager – Luanda - Maersk Oil Angola AS
Maersk Oil
Pipeline Engineers (Offshore and Onshore)
KAM Consulting Services
Senior Reservoir Engineer
PTTEP
Rig Supervisor for DUC Operations
Maersk Oil
Economics Manager | Lead Economist
BG Group
Commissioning Manager
Lamprell
Senior Cost Engineer/Estimator
Wood Mackenzie
Pipeline Engineer
Sea Trucks Group
Electronics Engineer
Sea Trucks Group
Engineer Superintendents
Sea Trucks Group
Engineering Manager
Sea Trucks Group
Maintenance Planner
Saudi Aramco
Business Development Specialist
Saudi Aramco
Petrochemicals Consultant
Saudi Aramco
Senior Plant & Equipment Refinery Inspector
Saudi Aramco
EHS Advisor/Medic
Helix ESG
Leaderman - 2nd in command on deck
Helix ESG
Equipment Technician / Technician Operator
Helix ESG
Able Bodied Seaman
Helix ESG
More jobs >>>

LIVE

Saturday, 30 August, 2008, 12:00 GMT | more prices >>

StatoilHydro sets sights on global stage

By Upstream staff

Photo by Ida von Hanno Bast

Norway's StatoilHydro is targeting oil and gas production of 2.2 million barrels of oil equivalent per day by 2012 from 1.9 million boed in 2008, the company said today.

The Norwegian giant said the new target reflected its ambition to become a global energy player in the wake of last year’s merger of Statoil and Norsk Hydro’s oil and gas production businesses.

Production from the Norwegian continental shelf is estimated to be around 1.5 million boed for the next 10 years, reaching 1.55 million boed in 2012, while international equity oil and gas output is seen increasing by 650,000 boed in 2012, the company said.

"Our roadmap to 2012 should be seen as part of a bigger journey; the transforming of StatoilHydro into a global energy player," chief executive Helge Lund said in a statement, Reuters reported.

StatoilHydro had said on 7 December that its 2007 oil and gas output was "slightly lower" than its 1.735 million boed target, and production would rise to 1.75 million boed this year, adjusted for production sharing agreements, which sparked a steep selloff of its shares.

StatoilHydro, formed by Statoil's acquisition last year of Norsk Hydro’s oil and gas assets, said that annual synergies from the merger are now estimated at around Nkr6 billion ($1.12 billion) before tax, Nkr2 billion higher than earlier estimated.

Capital expenditure is expected to rise to around 80 billion Norwegian crowns in 2009 from a projected 75 billion crowns in 2008, the company said.

Meanwhile, Lund said the company would like to have a reserve replacement ratio above 1 but declined to give specific guidance for that figure.

"We are not providing specific (reserve replacement ratios) today but the direction we have is that we would like to have an RRR above 1," Lund told reporters in a conference call before presentations to investors in London.

Lund also said that production from StatoilHydro's Arctic Snohvit gas field would be uncertain this year due to start-up difficulties.

"This year's production (from Snohvit) will be uncertain, as we told the market in December, and there will be production irregularities throughout 2008 and into 2009," Lund said.

He declined to say if the group expected to book reserves from its participation in developing Russia's huge Shtokman gas field in the Barents Sea, adding that the company would return to that matter once all the contracts are in place.