From September the new compressor in operation on the Kvitebjørn field in the North Sea will increase production there by 220 million barrels of oil equivalent. This extends the field’s lifetime with eight years.
The new compressor contributes to an increase in the recovery rate at the Kvitebjørn field from 55% to 70%. “These are very profitable barrels, which make a considerable contribution to wealth creation on the Norwegian continental shelf.
Increased production and extended lifetime for the field also provides increased ripple effects across the entire value chain,” says Kjetil Hove, senior vice president for operations in Development and Production Norway in Statoil.
The compressor project is making a substantial contribution to the increased recovery of gas resources from the field, which has increased its reserves by 50% since the plan for development and operation was submitted in 2000.
The extra barrels from the compressor are equivalent to a medium-sized, separately developed field.
“Many people don’t realise that these relatively small modules are able to contribute as much or more value as new fields and that they cost much less to develop because the platform is already in place,” explains Statoil brownfield projects senior vice president Terese Kvinge.
To read more, please visit Statoil here.
(Photo credit: Harald Pettersen)