The company said the concept involving tiebacks to the Statoil-operated Kristin, Aasgard B and Heidrun platforms was considered “the most economic solution” for development of the field.
The concept was selected ahead of a more expensive option based on a standalone floating production, storage and offloading vessel, with an estimated price tag of around Nkr21 billion ($3.5 billion) compared with Nkr12 billion for the subsea solution, according to figures released by industry association Norwegian Oil & Gas.
“With
