Approved by the Council of State on 10 June, the goal was to increase recoverable volumes by 32 billion cubic metres of gas, 25 million barrels of oil and 60 million barrels of condensate (light oil).
The gas could be exported via the Tampen Link pipeline and a tie-in to Britain’s Far North Liquids and Associated Gas System (Flags). This plan would raise the recovery factor – the proportion of total resources in place actually produced – on Statfjord to almost 70 per cent for oil and 75 per cent for gas.
Norwegian Petroleum Directorate. Press release, 10 June 2005. “Statfjord senfase godkjent”.