By OGJ editors
HOUSTON, Aug. 2 -- Statoil Petroleum AS started oil production from the subsea completed Morvin field in the Norwegian Sea Block 6506/11. A 20-km pipeline ties back Morvin to the Asgard B platform on the Halten Bank.
Morvin is an 8.7 billion kroner (2007 value), two subsea template development with four production wells in 350 m of water. The discovery well drilled in 2001 found oil in Middle Jurassic sandstones in the Garn and Ile formations at a depth of about 4,500 m.
Statoil expects Morvin initially to produce about 24,000 boe/d with production increasing to 51,000 boe/d after start-up of a second well. The company estimates that the field will recover 70 million boe during its 15 year life.
Statoil is the operator and holds a 64% interest in the field. Partners are Eni Norge AS 30% and Total E&P Norge AS 6%.