Statoil Gets OK to Use Troll Facility

Statoil received consent from The Petroleum Safety Authority Norway to use the new Troll O2 facility with pipelines, which will connect to the existing Toll C facility. The new template, located 4 miles (6 kilometers) north of Troll C, will tie-in to the existing subsea template on Troll O1 by connecting the pipeline and umbilical and using the existing production pipeline from Troll O1 to route the oil to Troll C. Situated in waters measuring 1,083 to 1,148 feet (330 to 350 meters), the start-up of Troll O2 is planned for July 20, 2010. Troll, a natural gas and oil field, lies in the northern part of the Norwegian sector of the North Sea, about 40 miles (65 kilometers) west of Kollsnes, near Bergen. The field compromises the main Troll East and Troll West structures in Blocks 31/2, 31/3, 31/5 and 31/6. Statoil, holding a 30.59%, operates the field; Petoro holds 56%; A/S Norske Shell holds 8.1%; ConocoPhillips holds 1.62%; and Total holds 3.69%.

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