The Norwegian Petroleum Directorate (NPD) has granted its consent to Statoil and its partners in Gullfaks production license 050 to start-up the facilities on the Rutil deposit on Gullfaks South, and to start producing.
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Illustration of Rutil, from Statoil. |
Rutil, which will be far less expensive than expected, is a gas-filled structure on the Statoil-operated Gullfaks South, located in the Tampen area in the North Sea.
Rutil will be developed with a standard subsea template with four well slots (subsea template Q) with two gas production wells. The subsea template is tied-in to the existing infrastructure on the Gullfaks A facility for processing and export.
In the plan for development and operation (PDO) of Rutil, submitted in December 2014, Statoil estimates that the in-place volumes are 17.9 Bcm of gas and 2 MMcm of condensate. Expected recoverable reserves are 11.9 MMboe.
The development has turned out to be far less expensive than expected. Investment costs are just under US$457 million (NOK 3.8 billion), while the PDO estimate was $585 million (NOK 4.863 billion).
Production is scheduled to start in August/September 2016. This is several months earlier than the original plan (December 2016).
“The NPD is very pleased with the development of the Rutil project, which is expected to finish in less time and at a lower cost than originally planned,” says Tomas Mørch, assistant director of development and operations in the northern North Sea.
The NPD began processing the Rutil PDO in January,
Statoil is the operator with 51% stake. Partners include Petoro (30%) and OMV Norge (19%).
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