Statoil to Land Johan Sverdrup Oil at Mongstad

Norway's Statoil reported Monday afternoon (UK time) that the partners in the Johan Sverdrup development in the North Sea have decided to land oil from the field at the Mongstad terminal north of Bergen.

Statoil said the decision was based on an overall assessment of health, safety and environment elements as well as development costs, technical feasibility and plan risk.

The first part of the concept selection for oil transport from the Johan Sverdrup field was made in autumn 2012, in connection with Gassco's study for an overall solution for oil export from the Utsira High. Based on the expectation of large volumes from Johan Sverdrup a new pipeline was planned from the field to the Mongstad or Sture oil terminal.

"For the Mongstad terminal this is a positive recommendation that supports Statoil's ambition of ensuring that the terminal activity leads to profitable oil value chains at Mongstad," Statoil Head of Onshore Plants Arne Sigve Nylund said.

"The recommendation has been made on the basis of what is the best solution for the Johan Sverdrup field. It is therefore not a decision regarding where the oil is to be refined.

"The Sture terminal will also receive new volumes from the Ivar Aasen and Edvard Grieg fields. All these elements will enable good use of resources and higher infrastructure flexibility that will ensure competitive landing of oil from existing and new fields on the Norwegian continental shelf."



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