Statoil Submits Development Plan for North Sea Byrding Discovery

Statoil has submitted a plan for the development and operation of the Byrding oil and gas discovery in the North Sea to government authorities.

Capital expenditures for the project are estimated at approximately $121 million (NOK 1 billion), reduced from an initial estimation of $425 million (NOK 3.5 billion), with recoverable volumes projected at around 11 million barrels of oil equivalent.

The Byrding development includes a duo-lateral well drilled from the existing Fram H-Nord subsea template through which oil and gas from Byrding will flow to Troll C. Oil and gas will be piped from there through existing pipelines to Mongstad and Kollsnes, respectively.

The field is scheduled to come on stream in the third quarter of 2017 and will remain online for between eight and ten years, according to Statoil.



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

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  NOPSEMA Seeks More Details on BP's Gre... (Sep 29)
 -  WFS Appoints IMEC as Agent in Malaysia... (Sep 29)
 -  MEO Australia Seeks Shareholder Approv... (Sep 28)
 -  Karoon Buys PEPC's 35% Stake in 4 Sant... (Sep 28)
 -  China's Wison Completes Test of World'... (Sep 28)


Most Popular Articles

From the Career Center
Jobs that may interest you
FRAC CONSULTANT
Expertise: Fracturing
Location: Texas, United States, TX
 
Operations Shift Supervisor
Expertise: Gas Plant Operations|LNG|Refinery / Plant Operations Supervisor
Location: Quintana, TX
 
Manager- Retail Power Settlements & Accounting
Expertise: Accounting|Budget / Cost Control|Gas Plant Operations
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $48.69/BBL 5.91%
Light Crude Oil : $47.05/BBL 5.32%
Natural Gas : $2.952/MMBtu 1.60%
Updated in last 24 hours