Norsk Hydro AS last week started oil production from the third platform in giant Oseberg field in the Norwegian North Sea.
With a productive capacity of 110,000 b/d, Oseberg Platform C boosts field capacity to about 450,000 b/d. The field is expected to reach that production level during the fourth quarter of this year, making it the second largest oil producer off Norway.
Norsk Hydro said start-up of Platform C marks completion of development of one of the world's largest offshore oil fields. It required a total investment of about $5.5 billion (U.S.).
Platform C is a drilling and processing platform consisting of...