Partners decide to terminate Kristin gas export project

Offshore staff

STAVANGER, Norway – The Kristin gas export project (KGEP) partners have decided to terminate the project due to unsustainable economics.

The KGEP – a pipeline connection between the Kristin field and the Polarled pipeline system – was sanctioned by the KGEP partners (Statoil 53.4%, Petoro 35.6%, and GdFS 11%) in conjunction with the Polarled project sanction in late 2012. The partners are terminating the KGEP based on unsustainable project economics involving increased costs and volume risk.

KGEP represented less than 5% of the Polarled volumes, and the termination does not influence the Polarled project execution.

KGEP included Kristin platform modifications and a 30-km (18-mi) pipeline to tie into the Polarled pipeline. The opportunity for the future connection of the Kristin field to the Polarled pipeline is maintained as necessary connection points continue to be part of the project.


Kristin platform in the Norwegian Sea (Photo courtesy Marit Hommedal)

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...