By OGJ editors
HOUSTON, May 4 -- Statoil ASA will invest 800 million kroner to install a new subsea template and drill two wells to recover an extra 10 million bbl of oil from its Norne field in the Norwegian Sea.
The template, to be installed in September, will be tied back to existing subsea templates in the field. The two wells will be drilled and completed for production to start as early as the second half of 2006.
Statoil has previously implemented a series of measures to optimally exploit the infrastructure in the Norne area. Urd (formerly the Svale and Stær fields) is being developed with a total of three subsea templates which will be tied back to the Norne production ship, and production will start later this year.