StatoilHydro submits Yttergryta development plan

Gas production from Yttergryta field, which lies 33 km east of Asgard B platform in the Norwegian Sea, will start in first quarter 2009.

Uchenna Izundu
International Editor

LONDON, Jan. 22 -- Gas production from Yttergryta field, which lies 33 km east of Asgard B platform in the Norwegian Sea, will start in first quarter 2009. This is according to the plan of development and operation (PDO) that was submitted Jan. 18 to the Norwegian energy ministry.

Yttergryta is expected to produce 1.75 billion cu m of gas over 3-5 years. StatoilHydro will invest 1.2 billion kroner in the project, including drilling expenses. The ministry is expected to take as long as 8 weeks to review the PDO.

Operator StatoilHydro said Yttergryta will be developed with a subsea template tied back to the Asgard B platform, sending 3.5 million cu m/day of gas via the Asgard gas pipeline to the processing plant at Karsto.

The exploration well that was drilled in June 2007 will be converted to a production well in 2008, StatoilHydro said, and the template for the subsea production facility has already been installed.

StatoilHydro holds a 45.75% interest in the project. Other licensees are Total SA 24.5%, Petoro 19.95%, and Eni SPA 9.8%.

Contact Uchenna Izundu at uchennai@pennwell.com.

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