The state-owned operator has invested Nkr600 million ($73 million), down from an original estimate of Nkr800 million, to exploit recoverable resources of 18.2 million barrels of oil and 1.6 billion cubic metres of gas at the North Sea field as a tieback to its Troll C platform.
Statoil said it has achieved the Nkr200 million saving through use of a “simple, smart well concept and significantly increased drilling efficiency” to achieve a low break-even cost.
The
