Maersk's Halfdan field development plans approved

The Danish Energy Agency has approved an application from Maersk Oil and Gas for further development of the Halfdan field.

Offshore staff

COPENHAGEN -- The Danish Energy Agency has approved an application from Maersk Oil and Gas for further development of the Halfdan field.

Phase four includes expanding the well pattern with parallel oil producers and water injectors to the northeast and a new process platform with three-phase separation, water disposal, and gas compression. The new platform, HBD will be bridge linked to the existing Halfdan HBA platform, which will be converted to manned status, according to Maersk.

Based on the planned activities, the company estimates additional reserves of 6.4 billion Nm3 gas and 15.9 million m3 oil.

Total investment for the further development is estimated to be $1.1 billion, the company says.

07/14/2008

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