NEWS

Statoil to start producing from Norway’s Gina Krog field


< Back to all news

Statoil to start producing from Norway’s Gina Krog field

Business

Category: Energy

The Norwegian Petroleum Directorate has granted consent for start-up of production from the Gina Krog field in the North Sea, and the operator—Statoil—is planning start-up in late June 2017.

The field has been developed with a production facility resting on the seabed and an oil storage ship, in water depths of 110-120 m. The oil will be exported via buoy loaders, and the rich gas will be sent to the Sleipner A platform for final processing.

Gas for gas injection will be imported from Zeepipe 2A (Gassled). The field will be tied in to a joint solution with power supply from shore for the Utsira High.

The recoverable reserves for Gina Krog are 16.8 million m3 of oil, 11.8 Bcmg and 3.2 million tonnes NGL. Investment costs are expected to reach NOK 30.9 billion, which is well within the range of uncertainty listed in the Plan for Development and Operation (PDO).

Statoil is the operator in production licenses 029 B, 029 C, 048 and 303.

Source: World Oil