Statoil starts Skuld flows

Statoil

Eoin O'Cinneide , Steve Marshall

 18 March 2013 12:48 GMT

Statoil has started production at the Skuld field off Norway only three years after its discovery, making it the fastest of the Norwegian state oil company's fast-track developments.

The Norwegian Sea field's two discoveries, Fossekall and Dompap, are being developed as a subsea tieback to the Norne floating production, storage and offloading vessel at a cost of Nkr10 billion ($1.7 billion).

Statoil said the field holds estimated recoverable resources of 90 million barrels of oil equivalent, 90% of which is oil and the remainder gas.

Skuld is the fourth fast-track project to be brought on stream by Statoil and will account for 45% of additional production from such projects set to be launched this year.

It will also make up more than…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index