Amoco, BP and Phillips to operate jointly in N. Sea

Feb 24, 1997 01:00 AM

The Norwegian subsidiaries of oil companies Amoco, British Petroleum and Phillips Petroleum said they were working on closer co-operation in fields in the southern part of the Norwegian continental shelf. The companies said they began studying possible areas of co-operation and cost saving six months ago . "Over 60 concrete areas have been identified where there is potential from increased co-operation," a joint statement said. Three managers, one from each company, will shortly be assigned new positions to lead the co-operation effort. They will report directly to a steering group in their respective companies. "There are no plans to form a separate company for the operation of Valhall/Hod, Ula/Gyda and fields in the Ekofisk area or for general co-location of staff from the three companies," the statement said. It said agreed principles of co-operation included areas such as common suppliers of goods and services, standardised systems and procedures and sharing of facilities. Possible areas forinitial co-operation efforts included mobile rig sharing, procurement, specialist maintenance and inspection, offshore telecommunications and logistics.
Amoco's Valhall and Hod fields produce around 90,000 bpd from five installations with a staff of 400. BP's Ula and Gyda developments pump a total of 90,000 bpd from four platforms with 380 employees. The Ekofisk area, operated by Phillips, has 28 installations with 2,200 staff and produces 330,000 bpd.

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