Njord partners sanction NW flank development

Statoil plans to access the north-west flank of the Njord field in the Norwegian Sea, via two extended-reach wells from the field’s semisubmersible platform.

Offshore staff

STAVANGER -- Statoil plans to access the north-west flank of the Njord field in the Norwegian Sea, via two extended-reach wells from the field’s semisubmersible platform.

The flank is around 6 km (3.7 mi) distant from the Njord A platform, but the total well paths will be 8 km (4.97 mi) long.

The reservoir contains rich gas and condensate and comprises two structures, A and B, discovered respectively in 2007 and 2000, with estimated total volumes of 18.6 MMboe. Pressure in the northwest flank is slightly higher than in the main reservoir, which will entail modifications to process equipment on the platform.

Total investments will come to around NOK 1.8 billion. Contracts will cover engineering, procurement, and construction of new equipment including risers and new items for the process and drilling module.

Tenders will mostly be issued in the second half of 2010, although modifications will be performed under the terms of the existing frame contracts. Start-up is scheduled for spring 2012.

Njord, in license PL 107, is operated by Statoil, in partnership with E.ON Ruhrgas, ExxonMobil, GDF Suez, Petoro, and VNG Norge.

4/13/2010

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