Statoil and its partners have have decided to realise the Smorbukk South Extension in the Asgard field in the central Norwegian Sea. Smørbukk
South Extension holds estimated recoverable reserves of 16.5 mboe, 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). Drilling operations are planned to start in early 2015, and production start-up is planned for September 2015. The lifetime of Smørbukk South Extension is estimated to be 12 years. Investment is estimated at NOK3.5bn (€464m).
Statoil is the operator with a 34.57% share; the other partners are Petoro (35.69%), Eni (14.82%), Total (7.68%) and ExxonMobil (7.24%).
Source: Statoil