Statoil has started production from its fast-track Hyme field in the Norwegian Sea one month faster than planned, making it the second of 12 scheduled projects to be brought on stream.
The field in the Haltenbanken area, discovered in 2009, is being developed as a subsea tieback to the modified Njord A platform nearby in 250 metres of water using a subsea template with four well slots for a total investment of Nkr4.5 billion ($800 million).
“This development will revitalise the entire area, open for further expansion and increase the production life of Njord,” said Statoil’s head of the fast-track programme off Norway, Halfdan Knudsen.
The state-owned operator is looking to exploit recoverable reserves of 30 million barrels of oil equivalent at Hyme and is using a multi-lateral well for optimal drainage from the complex reservoir, boosting recovery by about 17%, that could extend the field’s lifetime to beyond the expected 2020.
It has taken Statoil just over two years to execute the project and the company is now looking to bring online future fast-track schemes within a two-and-a-half-year time-frame, according to Knudsen.
“We have now gained useful experience that helps us accelerate forthcoming development projects, and execution in 30 months will thus be feasible for most of the prospects to be drilled in 2013,” he said.
The company is using standardised subsea equipment to rapidly develop marginal fields using available capacity at nearby production infrastructure under the fast-track programme,cutting development costs by about 30%
It aims to halve the time taken to bring a field into development from around five years and is looking to have five fast-track projects up and running this year.