Statoil to continue production from Norne field

The Norwegian Petroleum Safety Authority has granted Statoil ASA consent to employ Transocean Offshore's Polar Pioneer drilling rig to continue oil production in Norne oil and gas field in the Norwegian Sea.

Mar 13th, 2007

Uchenna Izundu
International Editor

LONDON, Mar. 13 -- The Norwegian Petroleum Safety Authority has granted Statoil ASA consent to employ Transocean Offshore's Polar Pioneer semisubmersible drilling rig to continue oil production in Norne oil and gas field in the Norwegian Sea.

PSA said the Polar Pioneer would help Statoil, which operates the field, to drill an additional production well, complete two subsea wells on Block 6608/10, and sidetrack an injector well to improve pressure support on Svale.

Norne, which lies in 380 m of water, is part of Production License 128. Statoil said last year that it plans to improve recovery from Norne and reach a plateau of 1 million boe/d by 2015. It installed a subsea template to increase production by 10 million b/d of oil.

The other Norne licensees are Eni Norge AS, Norsk Hydro Produksjon AS, and Petoro AS.

Contact Uchenna Izundu at uchennai@pennwell.com.

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