STATOIL PLANS SHIP BASED FPS FOR NORNE

Norway's Den norske stats oljeselskap AS (Statoil) has opted to develop Norne oil field with a newbuild production vessel, the first such development off Norway. Block 6608/10 Norne field is estimated to hold 440 million bbl of oil. Norne development cost using a ship based FPS is expected to be less than 10 billion kroner ($1.36 billion). Statoil plans a fast track development with first oil due in early 1998. A vessel was chosen after a study that included looking at semisubmersible

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home