Norway approves Statoil’s Snefrid Nord development

The Norwegian Ministry of Petroleum and Energy has approved the development of Statoil’s Snefrid Nord gas discovery near the Aasta hansteen field in the Norwegian Sea.

“The development of Snefrid Nord gives increased income to the community and profitable workplaces on land. Norwegian supply companies have already won important contracts, which is very pleasing,” said Minister of Petroleum and Energy Terje Søviknes.

Snefrid Nord was discovered in 2015 about 12 kilometers north from the Aasta Hansteen field.

Recoverable reserves are estimated at about five billion cubic meters of gas.

The development concept includes one well in a single-slot subsea template.

This will be tied back to the Aasta Hansteen platform through the Luva template six kilometers away. Snefrid Nord will produce some four million cubic meters of gas per day in the plateau phase, the planned productive life being 5-6 years.

The field is located about 300 km from the mainland on more than 1,300 meters of sea depth.

The capital expenditures for the Snefrid Nord development total about NOK 1.2 billion ($143.2 million).

“Snefrid Nord contributes to good resource utilization and increased value creation from the Aasta Hansteen development. The project clearly shows how important the (Aasta) Hansteen platform and Polarled pipeline are to exploit the petroleum resources in the Norwegian Sea,” said Søviknes.

Snefrid Nord is planned to start producing in the fourth quarter of 2019, about one year after Aasta Hansteen.

Statoil is the operator with an interest of 51 percent. The partners are Wintershall Norge (24%), OMV Norge (15%), and ConocoPhillips Skandinavia (10%).

Offshore Energy Today Staff

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

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

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