Oil&Gas: Gullfaks South to increase output

Statoil and its partner Petoro have decided to further develop Gullfaks South in the North Sea by investing NOK 8.5 billion in two new subsea templates and six extra wells.

This will boost recovery by 65 million barrels of oil equivalent.

In a press release, Statoil says this increasing recovery from Gullfaks South will be implemented as part of of the company's fast-track developments.

"By using the fast-track concept, with standardised solutions and consistent teams in one project, we will improve recovery in an effective manner," says Halfdan Knudsen, vice president for fast-track projects on the Norwegian continental shelf (NCS).

Production in parts of Gullfaks South was shut down in 2008 to maintain an acceptable pressure level in the reservoir for future drilling operations.

Existing wells are being reopened in the course of 2012. And new wells will also be drilled from existing seabed templates on Gullfaks South.

Recovery will be increased further with the fast-track concept and production start-up is planned from 2014.

This will be the second fast-track development to be tied back to Gullfaks for processing and it exploits spare capacity on one of the big producers on the NCS (Visund South was resolved in 2011).

Associated companies:


Related news

Latest news

USCG confirms OPtimarin in Line for Ballast Water Approval

The United States Coast Guard (USCG) has confirmed that Norwegian ballast water treatment specialist Optimarin has become the first supplier to submit an application for type approval.

New order for Servogear

Servogear announces that they have received a new order from Brødrene Aa. 

Norwater AS reports boost in sales

The Norwater team reports of great interest and busy days in 2016. In a press release, they state that as of the first 8 months of the year, 2016 sales are already beyond target for the year as a whole.

Gaia-facts reaching ground control

The European Space Agency (ESA) has released the first data from the Gaia mission, which has the tremendous task of building the most precise 3D map of the Milky Way.

Polish delegation for Norwegian circular waste management

Against the background of the EU's ambitious waste management targets, Norwegian and Polish stakeholders met on Wednesday 14 September in Drammen.

Milestone at Mongstad Water Treatment Plant

SAR AS reports that an extensive upgrade to the water treatment plant at Mongstad reached a new milestone July. 

Servogear signs new contract with Özata Shipyard

Servogear has announced the signing of a new contract with Özata Shipyard in Turkey. The contract includes the delivery of Servogear Ecoflow PropulsorTMfor two 39 meter passenger catamarans (YN 41 & YN 42).

Statoil and Petrobras strengthen strategic partnership

Statoil reports that they have strengthened their cooperation in Brazil by signing a Memorandum of Understanding (MoU) with Petrobras.

TechInvent and Island Offshore/Centrica announced winners of ONS Innovation Award

TechInvent and Island Offshore/Centrica were announced winners of the ONS 2016 Innovation Awards, at the Innovation Awards Ceremony Tuesday 30 August.