A consortium led by Statoil ASA has submitted a development plan for the Rutil discovery in the North Sea’s Gullfaks Rimfaks Valley that will extend production from the Gullfaks A platform, providing close to 80 million boe.
The plan consists of installation of a standard subsea template with two simple gas production wells, with the ability to connect two additional wells. The well stream will be connected to an existing pipeline leading to the Gullfaks A platform (OGJ Online, Aug. 22, 2012).
Gas and condensate will be transported, also via an existing pipeline, to the gas processing facility at Karsto, north of Stavanger.
The development will cost 4.6 billion kroners, and production is slated to begin during first-quarter 2017. It’s one of Statoil’s fast-track projects (OGJ Online, Sept. 10, 2014).
“Statoil is currently implementing a major improvement effort to reduce costs and increase profitability to secure long-term activity and value creation on the [Norwegian continental shelf],” explained Ivar Aasheim, Statoil senior vice-president for field development on the NCS. “The Gullfaks Rimfaks Valley is a good example of this work,” he added.
Statoil operates the development with 51% interest. Partners are Petoro 30% and OMV AG 19%.
