Statoil gets approval for Svalin field development

11/26/2012

Statoil gets approval for Svalin field development

STAVANGER -- Statoil said Norway's Ministry of Petroleum and Energy has approved the plan for development and operation of the Svalin field. The Svalin field is located about 6 km southwest of the Grane platform offshore Norway. Recoverable reserves are estimated at around 75 MMboe. 

The Svalin field will be connected to the Grane platform."This is the first tie in field to Grane, and it is one of the most profitable projects in the fast track portfolio, as a result of low development costs," Svalin project manager Bjorn Herdlevaer said.

Dow Jones Newswires

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