The project is the third in what the company calls its fast-track development program for Norwegian offshore fields.
The Vigdis North-East wells, in about 290 m of water, are tied back to the existing Vigdis B template, which is tied back to the Snorre A platform about 7 km away.
Statoil estimates the reservoir, at about 2,600 m below the seabed, holds 37 million boe.
Statoil, operator, holds a 41.5% interest. Other interests are Petoro 30%, ExxonMobil 16.1%, Idemitsu 9.6%, and RWE Dea 2.8%.