Statoil: Fram C East Starts Production to the Troll C Platform
the Troll / Fram area give us flexibility and possibilities to generate high value by taking an overall approach to the area, maximising the use of the existing infrastructure. This represents good resource management, benefitting our partners, our owners, suppliers and society at large,” says Gunnar Nakken, senior vice president, Operations West. Capital expenditures totalling some NOK 600 million, recoverable resources are estimated at 18.2 million barrels of oil and 1.6 billion sm3 of gas. Profitability is resilient with a low break-even
Statoil, Partners Submit PDO for Byrding
field is scheduled to come on stream in the third quarter of 2017. The project will thus yield a return in the same year as investments are made. “Byrding will add new profitable volumes from the Troll / Fram area, boosting the activity and production on the Troll C platform,” says Gunnar Nakken, Statoil’s senior vice president for Operations West. According to plans Byrding will remain on stream for 8-10 years.
Statoil: PDO for Oseberg Vestflanken 2 sanctioned
, which is currently under construction. It is owned by the Oseberg licence. “It is gratifying that the strategies established for the procurement of Oseberg’s licence rig is now being realised through a profitable project, optimally utilising the existing infrastructure,” says Gunnar Nakken, Statoil’s senior vice president, Operations West. Helping extend the life of the Oseberg field the project is an important contribution to Statoil’s ambition of sustaining production on the NCS at the current level to 2030, and beyond. Oseberg Vestflanken 2 is the first of three
Statoil, Partner Submit PDO for Oseberg Vestflanken 2
;Oseberg Vestflanken 2 will add 110 million profitable barrels of oil equivalent, and will be an important contribution in reaching Statoil´s goal of maintaining the current production level until 2030 and beyond,” says senior vice president for the operations west cluster in Statoil Gunnar Nakken. The well stream will be routed to Oseberg field centre via a new pipeline. Production start is scheduled for the second quarter of 2018. Oseberg Vestflanken 2 is the first of three planned phases for developing the remaining reserves in the Oseberg area. The licensees are: Statoil (operator)
February 2024
