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2014-09-11 18:05:00

STATOIL BEGIN TO QUICKLY

STATOIL BEGIN TO QUICKLY

Statoil ASA reported production startups for two "fast-track" fields in the Norwegian North Sea.

Fram H North is in the Troll area and contains about 10 million recoverable boe. Svalin C is in the Grane area and contains about 30 million recoverable boe.

Fram H North is a standard subsea template that can accommodate four wells. It is connected by a 5-km pipeline and umbilicals to the subsea template on Fram West A2. Svalin C is a subsea facility with 2 wells about 6 km southwest of the Grane platform.

Statoil and partners made the Fram H North investment decision in summer 2012. The project was exempt from having to submit a plan for development and operation (PDO). The PDO for Svalin C was submitted in June 2012 and approved by the Norwegian Ministry of Petroleum and Energy in November 2012.

Statoil said fast-track developments combine standardized subsea solutions and use of infrastructure in a manner that helps extend the lifetime of existing fields. Fram H North and Svalin C are the company's eighth and ninth fast-track development projects.

"We are on the right track with our mindset regarding standardized technical solutions, early maturing of design basis to avoid late changes and last, but not least, use of the same teams from project to project, where people know each other well and share the same philosophy," said Anders Opedal, senior vice-president for projects.

In Fram H North, Statoil has 49.2%; Idemitsu, 28.8%; GDF Suez 10.8%; and Petoro 11.2%. Statoil has 57% interest in Svalin C; Petoro 30%; and ExxonMobil Corp. 13%.

ogj.com

Tags: STATOIL, EXXON

Chronicle:

STATOIL BEGIN TO QUICKLY
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BP INVESTS TO SOLAR

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STATOIL BEGIN TO QUICKLY
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RUSSIAN-TURKISH NUCLEAR

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