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Statoil makes $122 million Troll investment

Monday, 06 November 2017 22:56

Statoil and its partners will invest US$122 million (NOK1 billion) in a new project to boost production from the Fram field in the Norwegian North Sea, in the Troll license area, the Norwegian major announced on 6 November. 

The investment calls for a new gas module for the Troll C platform to increase oil production and gas exports from Fram and aid further development in the area, according to Statoil.

“Statoil is pleased that we, together with the partners, have made an investment decision for this strategically important project,” says Siv Irene Skadsem, vice president, tieback and brownfield projects. “By using standardized solutions and equipment, in addition to focusing on making this a maximum lean project, and working closely with Statoil’s operations and suppliers, we have come up with a very cost-efficient and profitable gas module,” Skadsem says.

The oil major adds that the investments are key to further developing Troll C as a hub for the Troll C and Fram area. The module will not only help boost production, but improve the profitability of the Troll C installation by increasing and accelerating production by means of the enhanced gas capacity.

Fram, which came onstream in 2003, is 20km north of the Troll field in about 350m water depth. Fram was developed with Fram West and Fram East, both with two 4-slot templates each. Both were developed by two subsea templates tied back to Troll C. The Fram H-Nord and Byrding fields are developed with a third template daisy chained to the Fram West. The Fram well stream is transported by pipeline to Troll C for processing, and the oil is piped from there through the Troll II pipeline to Mongstad. The gas is exported through Troll A to Kollsnes.

Statoil also annoucned that the partnership awarded Aibel an engineering, procurement, construction, installation contract for the Troll C gas module worth about US$73.2 million (NOK600 million).

Aibel in Bergen will be responsible for engineering, and the module will be fabricated at Aibel’s Haugesund yard. The work has started, and the project aims at start-up at the end of 2019.

Statoil operates the license with 45% interest. Its partners are, ExxonMobil Exploration and Production Norway (25%), ENGIE E&P Norge (15%), Idemitsu Petroleum Norge (15%).

Photo: The Troll C platform in the North Sea. Øyvind Hagen/Statoil.

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2018-11-17 09:39:58am