Troll license partners adjust field development plans

The partners in the Troll license have decided to adjust the plan for further development, installations, and operation of the Troll field in the North Sea, according to StatoilHydro.

Offshore staff

OSLO -- The partners in the Troll license have decided to adjust the plan for further development, installations, and operation of the Troll field in the North Sea, according to StatoilHydro.

The partners intend to cancel the sub-project for the replacement of flowlines in the gas wells on the Troll A platform, which was one of three sub-projects in the submitted plan.

The plan was submitted to the authorities in June 2008 and is now pending final approval. The adjustments were necessary because of changes in framework conditions, such as lower oil prices and high costs, the company says.

Replacement of the flowlines will now be reconsidered at a later date. The field's gas injection system will be in place as planned by the turn of the year 2010/2011. Gas injection in Troll West will result in an increase in the oil reserves on Troll of 17 MMbbl of oil, the company says.

A new pipeline for rich gas from the Troll A platform to Kollsnes gas processing plant, including modifications to Troll A and the Kollsnes receiving facility, will also proceed as planned.

In all, the changes will mean a short-term reduction in the investment framework of $540 million. The original investment framework was almost $1.4 billion, the company reports.

02/18/2009

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