Statoil Submits Gas Compression Plan to Ramp Asgard Volumes

Statoil and partners have submitted a plan for development and operation of subsea gas compression to maintain production from the Mikkel and Midgard reservoirs on the Asgard field.

Subsea compression on Asgard should improve recovery from the Mikkel and Midgard fields by some 278 MMbbl of oil equivalent. Statoil stated that natural pressure from the project will become too low over time to maintain stable flow and a high-production profile from the Asgard B platform. The operator intends to install seabed compressors near the wellheads to increase the pressure and compensate for the decline.

The Asgard field is located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea. The field is operated by Statoil with 34.57% interest in the field and facilities. Partners in the project include Petoro with 35.69%, Eni with 14.82%, Total with 7.68% and ExxonMobil with 7.24%. 

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