Gassco takes over Polarled pipeline operatorship

Norway’s Statoil has transferred the operatorship for the Polarled subsea pipeline linking the Aasta Hansteen field in the Norwegian Sea and Nyhamna to Gassco.

According to Statoil, the 482-kilometer pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna in Møre og Romsdal was delivered NOK 4.5 billion below budget.

Polarled is the first subsea pipeline crossing the Arctic circle on the Norwegian continental shelf. The gas transportation capacity is some 70 million cubic metres per day.

The pipe laying started at Nyhamna in March 2015 and in September the same year the last pipe joint was installed at the Aasta Hansteen field in the Norwegian Sea.

The original investment budget for the pipeline project was some NOK 11 billion. When the pipeline is handed over to Gassco the investments have been reduced to NOK 6.5 billion, a 40 percent cost reduction.

“This was achieved thanks to good planning, good market knowledge and good implementation capturing synergies between several pipeline projects. Based on this, we have also been able to adjust capacity and price to the market,” says Torger Rød, Statoil’s senior vice president for project development.

By connecting Aasta Hansteen to Nyhamna through the Polarled pipeline, also gas from this province can reach the markets in the UK and on the Continent. From Nyhamna the Langeled pipeline runs to England through the Sleipner hub, which is also connected to the transportation system exporting Norwegian gas to the Continent.

“Polarled opens for gas export to Europe from an entirely new area, bolstering the position of the Norwegian continental shelf as a reliable long-term supplier. With the infrastructure in place, it will also be more attractive to explore and develop fields in the neighbouring areas,” says Grete B Haaland, Statoil’s senior vice president for asset management.

The pipeline has six tie-in points for new discoveries, and Dvalin will be the first field besides Aasta Hansteen using Polarled. Statoil is now transferring the operatorship for the Polarled pipeline to Gassco along with the operatorship for Polarled Development project.

The Polarled project also includes Nyhamna upgrading, which will be completed this year. Shell, the operator of Nyhamna, has been responsible for this part of the project.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply