Partners to submit Barents fields impact analysis

Partners in the Snohvit, Askeladd and Albatross gas and condensate fields in the Barents Sea are preparing to submit an impact analysis to the Norwegian Ministry of Petroleum and Energy. The analysis is part of the fields' plan for development and operation. It describes the development in relation to the natural environment and community. A series of consultations and meetings have been held with the affected parties to reach solutions that will protect all interests and requirements. Licensees have not yet decided development but the intention is to submit a plan of development this summer. It would then be possible to start development in 2002 and production could begin in 2006. The estimated production period is 30 years. The licensees propose to develop the fields with seabed installations controlled from a landfall and shipment plant located in Melkoya in northern Norway. Plans call for a gas liquefaction plant to be built at that site. Gas from the three fields would be cooled and converted into LNG before being shipped to customers.