Statoil, with its partners Eni and Petoro, has started production from the Skuld field at Norne in the Norwegian Sea. Skuld is so far the quickest realised of Statoil's 12 fast-track development projects, measured from discovery to production.

reserves in Skuld have been calculated to 90 mbbls of oil equivalents. About 90 per cent of this is oil, and the rest is gas.

Skuld is the largest of the development fields in the fast-track portfolio.

It will make up more than half of Statoil's increased production from fields where the company is the operator on the Norwegian shelf in 2013. The field is connected to the production vessel Norne, which is also producing for the Norne, Urd, Alve and Marulk fields.

This will result in higher production for the northernmost operational area in Statoil, Operations North.

Tags: Statoil