By the OGJ Online Staff
LONDON, Dec. 21 -- Norway's Ministry of Petroleum and Energy approved a unitization plan for three licenses on the Halten Bank linked to the development of Kristin field operated by Statoil ASA.
The three production licenses 134B, 199, and 257, which include the Kristin, Lavrans, Erlend, Morvin, and Ragnfrid fields, make up the Halten Bank West.
Statoil announced that through Kristin the company has established a new field center in the Norwegian Sea. "The extensive unitization agreement provides a rational, comprehensive framework for further development in that we now have a basis for an overall exploration strategy and field development plan for the Halten Bank West," the company statement said.
The licensee allocation in the unitization agreement for Kristin is now Statoil 46.6%, Petoro 18.9%, Norsk Hydro AS 12%, ExxonMobil Corp. 10.5%, Norsk Agip AG 9%, and TotalFinaElf SA 3%.
The field will supply around 35 billion cu m of gas from 2005 to 2016 with gas being piped into the existing Asgard system and condensate piped to the Asgard storage vessel for shuttle tanker export. The Kristin development will entail expansion of the Kårstø gas treatment complex north of Stavanger, where the gas will be received and processed.