Templates ready to install at Statoil's Kristin field in the Norwegian Sea
Published:
11 May 2003 y., Sunday
Statoil ASA reported that the four subsea production templates that form part of its Kristin field development in the Norwegian Sea are ready for installation. The structures are expected to be positioned by the end of June; drilling of production wells is planned to commence July 1, Statoil said.
The templates have been fabricated at the Aker Kværner yard in Egersund, south of Stavanger.
Statoil plans to produce at Kristin through 12 subsea-completed wells tied back to a floating platform, with gas and condensate (light oil) due to start flowing in the summer of 2005, the company said. Total deliveries of lean gas are estimated at 35 billion cu m over the 2005-16 period.
The development of Kristin field is expected to cost a total 17 billion kroner. By yearend 2005, Statoil expects to be operating 270 subsea wells following the start-up of Kristin and other current developments, it said.
Šaltinis:
scandinavianews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Commission sets out first finance proposals for Copenhagen pact on climate change.
more »
The World Bank today approved a US$39.5 million loan for the Rio de Janeiro Sustainable Rural Development Project in southeastern Brazil.
more »
The World Bank Board of Executive Directors approved today an additional US$7.8 million for the Colombia Peace and Development Project.
more »
In 2008, the total number of non-cash payments, using all types of instruments, increased by 5% to 78 billion in the EU.
more »
Current economic indicators seem to show a cautious recovery in some of the biggest European economies, such as Germany and France.
more »
Launch Early Operation Phase (LEOP) has been successfully completed and the Palapa-D communications satellite is now in the nominal geostationary orbit (GEO).
more »
The Supervisory Council of AB DnB NORD Bankas on 8 September 2009 elected Šarūnas Nedzinskas as a member of the bank‘s Management Board.
more »
In the last few months farmers across Europe have taken their tractors to the streets to protest at what is being termed the biggest milk crisis for decades.
more »
Mobile telecoms companies have pledged to support the EU’s campaign to equip new cars with a device that would automatically call for help in the event of an accident.
more »
Nordic and Baltic countries aim to strengthen cooperation of business and industry stakeholders.
more »