Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Statoil Starts Up Vigdis NE Production

change text size

Norwegian major Statoil announced Monday that its Vigdis North-East oil field has started production.

The field, located offshore Norway in the southern North Sea, is the third project in Statoil's fast-track portfolio of projects that employ standardized solutions using existing infrastructure rather than building all required infrastructure from scratch.

Vigdis North-East is just four miles south of the Snorre A platform, so the field development – comprising a subsea installation of four wells – is tied back to the existing Vigdis facility on Snorre A for processing. The total investment cost for the development is approximately $730 million, while the volume of hydrocarbons that Statoil expects to extract from the field has been estimated at around 37 million barrels of oil equivalent.

"The project adds new and valuable volumes for Statoil and its partners, and we have managed to meet the ambitious schedule and cost frames for this type of fast-track developments," Edvin B Ytredal, Statoil's head of production for the Snorre, Tordis and Vigdis fields.

"We have reached another important milestone in our fast-track portfolio through good cooperation in the licence and with the authorities."


 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Magnus Energy to Participate in PEL 10... (Nov 28)
 -  Indonesia to Name One of Three Candida... (Nov 28)
 -  Tethys Petroleum Appoints John Bell as... (Nov 27)
 -  Odjfell Revenues, Profits Decline duri... (Nov 26)
 -  Urals Receives Payment for Tanker Ship... (Nov 26)
Most Popular Articles
From the Career Center
Jobs that may interest you
Project Manager / Upstream Projects / Consultancy / Contract
Expertise: Field Development, Project Management
Location: Houston, TX
 
Machine Operator (ALS)
Expertise: Production Operator
Location: Roosevelt, UT
 
Hone Operator
Expertise: Production Operator
Location: Colorado Springs, CO
 
search for more jobs