New plans for Statfjord
Statoil submitted a revised plan for development and operation (PDO) of the field on 25 February. This Statfjord late life project was costed at NOK 16.1 billion overall.
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”.
More about history
President Carter visits Statfjord A
It is not every day that Norway gets a visit from an American president, but 4 May 1982 was one such occasion. That was when Jimmy Carter and his wife Rosalyn took a trip out to Statfjord A, which was operated at the time by Mobil Exploration Norway Inc (Meni).