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%.

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