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Statoil to Develop 56.4 MMBOE Utgard Gas Discovery
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Statoil and its partners have submitted the field development plan (FDP) for the Utgard gas and condensate discovery in the North Sea to Norwegian and UK authorities.
Recoverable reserves are estimated at 56.4 million barrels of oil equivalent, whereas capital expenditures are projected at about NOK 3.5 billion.
Discovered in 1982 Utgard (formerly Alfa Sentral) is located 21 kilometres from the Sleipner field. The discovery has been considered for development on several occasions in the past.
Utgard straddles the UK-Norway median line, the majority of the reserves being located on the Norwegian side.
The Utgard development will include two wells in a standard subsea concept, with one drilling target on each side of the median line. All installations and infrastructure being located in the…
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