Statoil to increase Åsgard recovery

The partners in the Statoil-operated Åsgard license plan to increase recovery by drilling two additional wells, which will boost recoverable reserves by 26 MMbbl of oil, while accelerating production. The Åsgard field is in 1,000 ft of water, 106 mi offshore in the Norwegian North Sea.

The partners in the Statoil-operated Åsgard license plan to increase recovery by drilling two additional wells, which will boost recoverable reserves by 26 MMbbl of oil, while accelerating production. The Åsgard field is in 1,000 ft of water, 106 mi offshore in the Norwegian North Sea.

"This represents one of Statoil's best improved oil recovery projects for the moment," Stein Børre Torp, resource development manager for Åsgard, said.

Statoil will drill through a new Q subsea template on the Smørbukk South deposit, with the wellstream piped in two flowlines to the Åsgard A production ship.

Statoil will drill the two NKr1.8-billion wells fromTransocean Searcher. The first is due to spud in April, with production scheduled for January 2005.

FMC Technologies Inc. will supply subsea production systems for the North Sea project, including three subsea trees and associated structure, manifold, and production controls system.

The development represents Phase I of the Q template project. Plans call for Phase II, with two more improved oil recovery wells, expected to be sanctioned later.

The second phase will also include an additional gas injection well drilled through the existing R template on Smørbukk South. In addition, the final well in Åsgard's 52-well drilling program will be drilled through the new five-slot Q template.

Two wells in the main program remain, andStena Don is spudding the penultimate producer.

01/14/04

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