The company's main objective is to maximise the economic value of the state's oil and gas portfolio on the basis of sound business principles.

Oil&Gas: Fast development of Vilje South

The Vilje partners have taken the investment decision to develop Vilje South, an extension to the main field included in its original plan for development and operation (PDO).

The well planned for Vilje South will represent the third producer in this development, and is intended to secure optimum drainage of its resources.

This project is the smallest in Statoil’s fast-track portfolio so far. Together with its partners and the government, the group has ensured swift decision-making and early delivery of long-lead-time equipment.

The development comprises a standard subsea template with a single well, tied back for processing to Marathon’s existing Alvheim field via a 19-kilometre flowline and umbilicals.

Because this solution builds further on an existing subsea infrastructure, no modifications will be required on the parent platform.

The template is under construction by Aker for installation in the summer season of 2013, together with the rest of the subsea equipment.

Drilling work is planned in two stages, starting in the spring of 2013 with completion that same autumn. The ambition is to bring the project on stream in late 2013.

(Aftenposten/Press release)


Written by Rolleiv Solholm

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