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Investment decision for Smørbukk South Extension


Published Mar 21, 2013
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Smørbukk South Extension

Statoil and the partners in the Åsgard Unit have decided to realise the Smørbukk South Extension project.

Smørbukk South Extension holds estimated recoverable reserves of 16.5 million barrels of oil equivalent, and will be developed with a new subsea template connected to existing infrastructure in the area.

The recovered gas will be reinjected in the reservoir in order to maintain the reservoir pressure as oil is drained out. The field will be connected to the Åsgard A installation (FPSO).

"We've matured a profitable project out of a discovery from 1985. Experience from Åsgard operations, existing infrastructure and a bit of patience have contributed to an investment decision for this project.

Tags: Statoil




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