Statoil speeds up development of Smorbukk North-East
Statoil has advanced the production start for Smorbukk North-East to December 2011 from its early planned 2013 start up.
By OGJ editors
HOUSTON, Nov. 17 -- Statoil has advanced the production start for Smorbukk North-East to December 2011 from its early planned 2013 start up.
The company will develop the field as a satellite to the Asgard B semisubmersible gas and condensate processing facility in the Norwegian Sea.
The company estimates that Smorbukk North-East contains about 16 million boe and will require about 1 billion kroner to develop.
Statoil notes that the early start-up was possible because it will convert an existing exploration well to a producing well and will use modified subsea well equipment originally built for the Sigrid field and owned by the license. Also modifications will be small on Asgard B because Smorbukk North-East will connect to an existing template, the company said.
Asgard is a hub on the Halten Bank. Water depth in the area is 240-300 m.
Partners in Smorbukk North-East are operator Statoil 34.57%, Petoro AS 35.69%, Eni Norge AS 14.82%, ExxonMobil Exploration & Production Norway AS 7.24%, and Total E&P Norge AS 7.68%.