Statoil gets go-ahead for Alve

Norway's government has approved Statoil's $390-million development plan for the Alve gas-condensate field in the Norwegian Sea. Drilling should start in August, leading to a production start by the end of 2008.

Offshore staff

STAVANGER, Norway --Norway's government has approved Statoil's $390-million development plan for the Alve gas-condensate field in the Norwegian Sea. Drilling should start in August, leading to a production start by the end of 2008.

Statoil will develop the 6.78 bcm (239 bcf), 8.3 MMbbl field in phases via a four-slot subsea template, tied back to the Norne FPSO, 16 km (10 mi) to the northeast.

"The development will secure effective, continuous exploitation of available capacity on the Norne drilling vessel and in the Aasgard transport pipeline," said Statoil's Oyvind Bratsberg, senior VP for the Halten/Nordland area.

3/16/2007

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