By OGJ editors
HOUSTON, May 9 -- Statoil ASA reported that the four subsea production templates that form part of its Kristin field development in the Norwegian Sea are ready for installation. The structures are expected to be positioned by the end of June; drilling of production wells is planned to commence July 1, Statoil said.
The templates have been fabricated at the Aker Kværner yard in Egersund, south of Stavanger.
Statoil plans to produce at Kristin through 12 subsea-completed wells tied back to a floating platform, with gas and condensate (light oil) due to start flowing in the summer of 2005, the company said. Total deliveries of lean gas are estimated at 35 billion cu m over the 2005-16 period.
The development of Kristin field is expected to cost a total 17 billion kroner. By yearend 2005, Statoil expects to be operating 270 subsea wells following the start-up of Kristin and other current developments, it said.
