The oil deposit Ringhorne ěst is located in Block 25/8 in the North Sea, near the Balder field. The operating company ExxonMobil estimates in the PDO that recoverable volumes amount to 7.5 million standard cubic meters of oil equivalents (Sm3 o.e.).
The total development costs have been estimated to around one billion NOK.
According to the development plans, the deposit will be developed with production wells drilled from Ringhorne. The oil will be processed on Ringhorne and Balder.
The government intends to process the development plan for Ringhorne ěst before the end of 2005, according to a statement from the Ministry of Petroleum and Energy.
Ringhorne ěst is located in Production Licenses 169 and 027.
The operator for the development is ExxonMobil E&P Norway.
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