(Stavanger) Statoil has upgraded reserves from its Kvitebjorn field in the North Sea by 50%, in relation to the original development plan. Volumes now stand at around 80 bcm of natural gas and 200 MM bbl of condensate.
New data shows that the reservoir is shallower, larger and of better quality than first thought, said Troll Gas and Kvitebjorn operations VP Sigurd Geir Amland. A Cook formation find has also improved the picture. The field was Statoil's first high pressure, high temperature development, coming onstream in fall 2004. It is currently producing 20.7 mcm/d of gas from seven wells.