Investments totalling around Nkr3.5 billion ($414 million) are being targeted by the Norwegian state-owned operator to tap the find’s estimated recoverable reserves of 56.4 million barrels of oil equivalent, mostly located off Norway.
The find, formerly named Alfa Sentral, will be developed as a subsea tieback to Statoil’s Sleipner field at a distance of 21 kilometres with facilities to be remote-controlled from the Sleipner A platform.
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