Statoil issues plan for Byrding in Norwegian North Sea

Statoil and its partners have submitted the plan for development and operation of the Byrding oil and gas discovery in the North Sea to government authorities.

Byrding oil and gas discovery in the North Sea
Byrding oil and gas discovery in the North Sea

Offshore staff

STAVANGER, NorwayStatoil and its partners have submitted the plan for development and operation of the Byrding (previously Astero) oil and gas discovery in the North Sea to government authorities.

The development includes a duo-lateral well drilled from the existingFram H-Nord subsea template through which oil and gas from Byrding will flow to Troll C. Oil and gas will be piped from there through existing pipelines to Mongstad and Kollsnes, respectively.

Production is expected to start in 3Q 2017 and remain onstream for eight-10 years. In the peak period in 2017/2018 Byrding is expected to produce almost 8,000 boe/d. Recoverable volumes are projected at 11 MMboe.

Torger Rød, Statoil’s senior vice president for project development, said: “Combined with the use of an available well slot in an existing subsea template this reduces the costs of the project substantially. The project is profitable also in the current oil price environment.”

Capex is estimated at NOK 1 billion ($122 million).

Discovered in 2005, Byrding is north of the Fram field in 360 m (1,181 ft) of water.

Gunnar Nakken, Statoil’s senior vice president for Operations West, said: “Byrding will add new profitable volumes from the Troll/Fram area, boosting the activity and production on the Troll C platform.”

Partners in the project are Statoil Petroleum AS (operator) 45%, Wintershall Norge AS 25%, Idemitsu Petroleum Norge AS 15%, and Engie E&P Norge 15%.

08/19/2016

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