Statoil group cancels gas spur offshore Norway

Jan. 9, 2014
Statoil ASA and partners have ended the Kristin gas export project, a pipeline that was to have connected Kristin gas and condensate field with the Polarled pipeline under development in the Norwegian Sea (OGJ Online, Jan. 8, 2013).

Statoil ASA and partners have ended the Kristin gas export project, a pipeline that was to have connected Kristin gas and condensate field with the Polarled pipeline under development in the Norwegian Sea (OGJ Online, Jan. 8, 2013).

In a statement, Statoil cited “unsustainable economics caused by increased investment costs and increased risk to volume availability.”

The cancelled project would have linked Polarled with the existing Aasgard Transport System via a 30-km spur to the Kristin platform, which serves as a hub for oil, gas, and condensate produced by Kristin and Tyrihans fields in the Halten Bank area.

Statoil said the Kristin spur would have represented less than 5% of total Polarled flows.

“The termination does not influence the Polarled project execution,” the company said.

Polarled will be a 480-km pipeline between deepwater Aasta Hansteen gas and condensate field and a gas plant operated by Shell at Nyhamna, Norway. At the field, the 36-in. pipeline will lie in 1,300 m of water.

Statoil leads a group developing Aasta Hansteen with the first use of a spar platform on the Norwegian continental shelf.

Partners in the Kristin gas project are Statoil 53.4%, Petoro 35.6%, and GdFS 11%.