Statoil green light for Smorbukk South

Tieback: on Smorbukk South Extension to Aasgard A FPSO

Statoil

Steve Marshall

 20 March 2013 12:26 GMT

Statoil and its partners have decided to move forward with the Nkr3.5 billion ($600 million) development of the Smorbukk South Extension project as a subsea satellite to the Aasgard field in the Norwegian Sea.

The Norwegian state-owned operator plans to exploit recoverable resources of 16.5 million barrels of oil equivalent at the discovery, made in 1985, using a subsea tieback to the Aasgard A floating production, storage and offloading vessel.

Statoil said in a statement it now intends to award several contracts on the project, after Nexans was handed the umbilicals award last year.

“With the investment decision for Smorbukk South Extension, another piece in the puzzle is now in place for the development of the Aasgard field,” said project manager Ola Gussiaas.

“The project will contribute to the prolonged lifetime on Aasgard A and will facilitate…

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