Statoil starts oil production in Åsgard field

David Knott Senior Editor Norwegian state firm Statoil AS has started oil production from Åsgard field, which lies in 300 m of water in the Norwegian Sea. The Åsgard project involves development of three fields with a production, storage, and offloading vessel for oil, a production semisubmersible for gas, a shuttle tanker to transport oil, and a new trunk pipeline to deliver gas. Åsgard reserves are estimated at more than 2 billion boe, of which almost 60% is gas. The fields are expected to yield up to 200,000 b/d of oil, 100,000 b/d of condensate, and 1.3 bcfd of gas. Both the geology of the fields and their development, which includes the wo...

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