The state-owned operator is targeting spending of about Nkr1.4 billion ($216 million) to terminate the field, which was brought online in 2008 and is due to be shut down in the third quarter of 2016, according to official documents obtained by Upstream.
Despite its relatively short lifespan, the small field in Statoil-operated production licence 046BS will have produced about 60 million barrels of oil - as well as small volumes of gas, natural gas liquids and condensate - to yield an oil recovery rate of 51%.
This
