Denmark's DONG Energy has confirmed that it will be closing down production at its Oselvar field, offshore Norway, ahead of schedule.
In a statement sent to Rigzone by the company, DONG said:
"The Oselvar field has not lived up to its initial expectations. We are always looking for opportunities to optimize our portfolio and, as announced earlier, the plan is to reuse parts of the Oselvar field's infrastructure to transport oil and gas from the Centrica operated Butch discovery.
"The infrastructure used to transport and process oil and gas from Butch will mostly be the same as that used today for production from the Oselvar field. This will be a good solution for all parties. We will present a plan for decommissioning of the field to MPE in the course of 2016."
Located some 160 miles southwest of Stavanger in the North Sea, Oselvar was discovered in 1991. The field was put into production in April 2012 and was originally expected to have a production lifetime of 20 years, according to DONG.
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add 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.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you