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2014-09-23 18:10:00

STATOIL EXTENDS FIELDS' LIVES

STATOIL EXTENDS FIELDS' LIVES

Faced with falling reservoir pressures, Statoil ASA is installing compressors in the Norwegian North Sea to extend field lifetimes and produce an extra 1.2 billion boe.

The company began operating a compressor Sept. 17 at the Kvitebjorn gas-condensate field, which is expected to add 8 years through 2035 and increase production by 220 million boe. Kvitebjorn lies on Block 34/11, east of Gullfaks.

Statoil began operating a compressor at Kristin earlier this year and plans one soon for Heidrun. Compressor startups are planned later for Gullfaks, Asgard, and Troll fields. Statoil said Troll will add two compressors…

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Tags: STATOIL, GAS,
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