Statfjord late life to UK
Posted: 3 October 2003
Statoil has resolved to send its share of rich gas from the Statfjord
late life project in the North Sea to the UK, utilising the Flags
pipeline system to St Fergus in Scotland.
The late phase development involves terminating gas injection on
the Statfjord field and reducing pressure in the reservoir.
Statoil's choice of the British option follows an attractive offer
for transporting and processing its gas from Shell and ExxonMobil,
which own Flags.
The natural gas will be delivered to the UK market, after the natural
gas liquids — propane and naphtha — have been separated
at the St Fergus terminal for transport to customers.
Under a swap agreement, Statoil will take over volumes in Norway
from Shell and ExxonMobil corresponding to the Statfjord NGL which
goes to Scotland.
These transfers will take place at the Kårstø treatment
complex north of Stavanger and the Mongstad refinery near Bergen.
"This agreement is conditional on satisfactory profitability
being established for Statfjord late life," says Øyvind
Kirkhus, manager for new infrastructure in the Natural Gas business
area.
The Statfjord licensees are expected to take an investment decision
in late 2004-early 2005 before submitting a revised plan for development
and operation (PDO) to the authorities.
"Opting for St Fergus as the gas landfall will strengthen
our position as a reliable supplier of gas to the UK market,"
says Mr Kirkhus.
He emphasises that it also opens the way to taking gas to Kårstø
from additional fields in the Halten-Nordland area of the Norwegian
Sea.
Plans call for gas exports in the late life project to start on
1 October 2007.
For more information see www.statoil.com.
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
