BG Group brings North Sea's Knarr field online
READING, United Kingdom -- BG Group announced Wednesday that the Petrojarl Knarr FPSO vessel had started production from Knarr oil field in the North Sea, offshore Norway.
The FPSO has been leased from Teekay Corporation and is moored approximately 120 km off the Norwegian coast. It has a production capacity of 63,000 boed and a storage capacity of 800,000 bbl.
Knarr field, discovered in 2008, has estimated gross recoverable reserves of around 80 MMboe with a production life of at least ten years.
In 2011, Knarr field was merged with the Knarr West field into an integrated development. New exploration drilling in the licence area is ongoing, in order to help extend the production life further.
BG Group is the operator of the field with a 45% working interest. Partners include Idemitsu Petroleum Norge (25%), Wintershall Norge (20%) and DEA Norge (10%).
