Statoil starts production from Skuld field in Norwegian sea

3/18/2013

Statoil starts production from Skuld field in Norwegian sea

BY DOMINIC CHOPPING

STAVANGER -- Statoil said that with its partners Eni and Petoro, it has started production from the Skuld field at Norne in the Norwegian Sea.

Skuld consists of the two discoveries Fossekall and Dompap. The recoverable reserves in Skuld have been calculated to 90 MMboe. About 90% of this is oil, and the rest is gas.

Skuld is the largest of the development fields in the fast track portfolio. The average increase in daily production from Skuld over the next two years will be half of what is currently produced to Norne. The field amounts to 45% of the added production from fast track projects in 2013. The total investments have been estimated at about $1.73 billion.

Dow Jones Newswires

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