Statoil aims to double Gullfaks lifespan
Offshore staff
(Stavanger) Statoil recently completed 20 years of production from the giant Gullfaks field in the North Sea, and now plans a further 20 years of output. To this end, the company has started drilling its 50th exploration well on the field, said Tampen area senior vice-president Lars Christian Bacher at the recent ONS conference in Stavanger.
The new well is targeting the Albitt and Biotitt prospects, which lie in a proven oil-bearing formation. Both are also close enough to the Gullfaks C platform to warrant a quick development, if the well is successful. Bacher added that Statoil geologists have identified 50 more prospective structures within tieback reach of the field complex.
08-31-2006