Statoil, Partners Submit Plan for Visund South

The partners in the Visund South development have submitted a plan for development and operation (PDO) to the Ministry of Petroleum and Energy. The fast-track development will consist of a subsea template with four well slots, where three wells will be completed and tied-back to the Gulfaks C platform for processing. Gullfaks C will then transport the hydrocarbons for further exportation.

Production is expected to commence in the third quarter of 2012. Visund South, consisting of the Pan and Pandora discoveries, is located 10 kilometers from both Gullfaks C and the Visund A platform. Statoil operates the field, owning a 53.20% interest; Petoro owns 30%; ConocoPhillips owns 9.10%; and Total owns 7.7%.