Statoil, Partners to Recover Reserves at Asgard Field
Statoil and partners have chosen to use subsea gas compression to help recover the remaining reserves in the Asgard field. Eventually, pressure in Midgard and Mikkel, two reservoirs developed with seabed installations tied-back to the Asgard B platform, will become too low to sustain their ability to produce to the B platform. By installing compressors, it will sustain the gas flow, ensuring continued production to the platform.
Currently, the partners are waiting for a possible investment decision, which is expected by the first quarter of 2011. The Asgard field is located 124 miles (200 kilometers) offshore Norway in the Halten Bank of the Norwegian Sea. Operated by Statoil with 34.57% interest in the field and facilities, partners in the project are Petoro with 35.69%, Eni with 14.82%, Total with 7.68% and ExxonMobil with 7.24%.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
Operates 1 Offshore Rigs
- Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture (Oct 04)
- Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers (Sep 28)
- Statoil And Partners Plan Output Capacity Expansion At Troll Gas Field (Sep 26)