By the OGJ Online Staff
HOUSTON, Aug. 10 -- Statoil AS has submitted to authorities a 17 billion kroner ($1.9 billion) plan of development and operation of its Kristin gas and condensate field in the Norwegian Sea.
The Norwegian gas sales authority selected Kristin to supply gas for sale earlier this summer (OGJ Online, June 28, 2001).
Statoil expects Kristin to deliver 35 billion cu m in the period 2005-2016. Construction contracts will be awarded in late 2001 and early 2002.
The proposed plan involves 12 subsea wells tied back to a floating production platform. Statoil plans to tie other nearby discoveries back to the Kristin platform.
Gas produced will be piped through the Åsgard Transport system to the Kårstø treatment complex north of Stavanger for further processing before it is sent by pipeline to continental Europe.
Stabilized condensate will be exported via a storage ship, perhaps the nearby Åsgard C vessel, also operated by Statoil.
Statoil plans to unitize the 134B, 199, and 257 production licenses, which make up the Halten Bank West area.
A unitization plan will be submitted in the near future. Other owners of those licenses are ExxonMobil Corp., Norsk Hydro AS, the state's direct financial interest, and TotalFinaElf SA.