Petrojarl I to start Production in August

The Petrojarl I is in position on the Glitne Field and will come on line in August after the mooring system and risers have been connected. The production ship left the Amoy Fjord on July 28.

Glitne will yield some 40,000 barrels of oil per day at plateau level, which should be reached within one-two months of starting production.

The field contains roughly 25 million barrels of oil, making it Norway's smallest producing discovery. It has an estimated production life of two-three years, depending on oil price trends.

Petroleum Geo Services, which owns Petrojarl I, will be responsible for operating Glitne. The vessel has been modified at the Kværner yard in Stavanger, including the installation of two specially-built turbines to generate electricity from associated gas.