The first stage of the job will take place in the summer of 2004, with the installation of 16 suction pile anchors plus associated chain and wire moorings on the seabed. This will be followed in the spring of 2005 by the tow-out of the floater from the Aker Stord yard near Bergen to the field in the south-western part of the Halten Bank. Once the platform has arrived on site, Aker Marine Contractors will connect it to the pre-installed mooring spread.
Kristin is due to start production on October 1, 2005, and will be produced through 12 subsea wells. Daily capacity is 126,000 barrels of condensate and 18 million cubic meters of rich gas.
The reservoir lies almost 5,000 meters deep, with a pressure of 900 bar and a temperature of 170°C – higher than on any other field developed off Norway.
Statoil has 46.6 percent of Kristin. Its partners are Petoro, with 18.9 percent, Norsk Hydro 12 percent, ExxonMobil 10.5 percent, Agip nine percent and TotalFinaElf three percent.
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