Statoil hands over Svalin plan

Development plan: for Svalin

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Steve Marshall

 15 June 2012 12:26 GMT

Statoil submitted a development plan for its fast-track Svalin field in the North Sea to Norway’s authorities on Friday, with total investments targeted at Nkr4.5 billion ($753 million).

The field’s two structures – Svalin C and Svalin M – are estimated to hold about 75 million barrels of oil equivalent in total and will be developed as tiebacks to the nearby Grane platform in a water depth of 125 metres, according to the Norwegian state-owned operator.

Svalin M, discovered in 2008, will be produced from a well to be drilled from the platform and is due to come on stream at the end of next year.

Svalin C, found in 1992, will be tied back to the Grane facility using a…

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