Fossekall/Dompap contract to Subsea 7

Press Release
Friday, May 06, 2011

Statoil has awarded Subsea 7 a contract for marine installations and pipe-laying in connection with development of the Fossekall/Dompap discoveries off the coast of Helgeland in northern Norway.

The contract value is around NOK 970 million without options and extra charges due to the weather.

Discovered one year ago, Fossekall will also make it possible to develop the earlier find Dompap.

Fast-track development

This is Statoil’s fifth fast-track development and the largest so far.

“With all of the contracts awarded, we can already start production at the end of 2012. We’re very happy about this,” says Ivar Aasheim, Statoil’s head of field development on the Norwegian continental shelf.

Statoil considers it vital to reduce the time from discovery to production.

“We are about to reach this goal,” says Aasheim. “This development will only take two and a half years, and thereby meets the fast-track principles.”

Subsea field
The Fossekall/Dompap development will comprise three subsea templates tied back to the Norne ship in the Norwegian Sea. The distance from the field to the Norne ship is around 26 kilometres.

Recoverable reserves in Fossekall/Dompap are estimated at around 100 million barrels of oil equivalent. The majority of this is oil.

“These additional volumes are important to Statoil, and they help extend the lifetime of the Norne ship,” says operations north cluster head Morten Loktu.

Partners: Statoil (64% and operator), Petoro (24.5%) and Eni (11.5%).

 

Source: http://www.statoil.com

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