Due to come on stream in the autumn of 2005, this project will cost an estimated NOK 17 billion and involves 12 subsea wells tied back to a floating production platform. The gas will be piped through the Asgard Transport system to the Karsto treatment complex north of Stavanger for further processing before sales gas is sent on by pipeline to continental Europe. Stabilized condensate (light oil) will be exported via a storage ship. One alternative could be to use the nearby Asgard C vessel, also operated by Statoil.
Full processing on a platform offers better economics and flexibility than the other options considered, explains Oyvind Bratsberg, operations vice president for Halten Bank South. "The aim is optimise the exploitation of resources available in this part of the Norwegian Sea by tying other discoveries back to the Kristin installation," he says.
Kristin's operations organization is to be located at Stjordal near Trondheim, and the field will be supplied from Statoil's bases in Kristiansund.
The field was allocated to supply Norwegian gas sales contracts earlier this summer, and is expected to deliver about 35 billion cubic metres from 2005 to 2016. Construction contracts are due to be awarded in late 2001 and early 2002. The intention is to unitise the 134B, 199 and 257 production licences, which make up the Halten Bank West area, in connection with the Kristin development. A unitization agreement is expected to be submitted to the authorities in the near future. In addition to Statoil, the partners in these three licences are ExxonMobil, Norsk Agip, Norsk Hydro, the state's direct financial interest (SDFI) and TotalFinaElf.
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