Snefrid Nord Gas Discovery Gets Thumbs Up

Statoil and its partners have decided to develop the Snefrid Nord gas discovery near the Aasta Hansteen field in the Norwegian Sea.

The discovery, scheduled to come on stream in late 2019, will be tied back to Aasta Hansteen. Snefrid Nord was discovered in 2015 and recoverable reserves are estimated at about five billion cubic metres of gas.

Snefrid Nord is expected to produce some four million cubic metres of gas per day in the plateau phase. Capital expenditures for the Snefrid Nord development total about $143 million (NOK 1.2 billion).

“Aasta Hansteen is a strategically important development as the platform and Polarled pipeline open a new area in the Norwegian Sea for gas exports to Europe,” Siri Espedal Kindem, senior vice president for operations north in Statoil, said in a company statement.

“The projects also establish a new infrastructure, which will create opportunities for future field development projects in the area. Snefrid Nord is an excellent example of this,” he added.