Statoil Makes Plans for Tyrihans Development

Statoil and its partners plan to spend approximately 8 billion NOK to develop the Tyrihans field in the Norwegian Sea.

"On July 5, the partners in Tyrihans decided to go further with the planning to develop Tyrihans," Statoil's spokeswoman for mid-Norway operations Mari Dotterud said. A plan for development will be filed with the Norwegian authorities in late March 2005.

Tyrihans will be tied back to the Kristin platform, and the development will help extend the plateau production period of Kristin, which is due on stream in October 2005. "We are planning to start producing from Tyrihans in 2009...We think the investment will be approximately eight billion crowns," she said.

"The available resources are 24 million cubic meters of oil and 30 billion cubic meters of it is primarily a gas development," Dotterud said.

Plans call for drilling 10-11 wells from three templates and for gas injection from the Aasgard field, she said. The Tyrihans field 35 km (22 miles) southeast of the big Aasgard gas field and 35 km east of Kristin on the Halten Bank of the Norwegian Sea comprises two production licenses, PL 073 and PL 091.

The partners in PL 073 are Statoil with 46.77 percent, Total with 33.33 percent, Norsk Hydro with 12 percent and ENI with 7.9 percent.

Statoil owns 47.1 percent of license PL 091. The other stakeholders are ExxonMobil with 33 percent, Norsk Hydro with 12 percent and ENI with 7.9 percent. Statoil has the operatorship for both licenses.

"We are working with the two licences as if they were one unit, but all the formalities around that are not finished," Dotterud said. She added that the company hoped to achieve a uniform ownership structure for both licenses to facilitate the development.