Source: PSA-Norway, Statoil
The Petroleum Safety Authority Norway has approved Gassco to use the Gjoa gas pipeline in the waters offshore Norway.
The 130-kilometer-long pipeline extends from the gas export riser base at Gjoa to the existing FLAGS pipeline system on the British continental shelf.
Gassco will be the operator of the gas pipeline on behalf of the licensees GDF Suez, Petoro, Statoil (NYSE:STO), Shell (NYSE:RDS-A, NYSE:RDS-B) and RWE Dea.
Gjoa, including the Vega satellite development, is the largest project in the North Sea today. With Gjoa, a new part of the North Sea is being opened for oil and gas production.
The Gjoa field is being developed with a semisubmersible production platform and five subsea templates.
Gjoa lies in blocks 35/9 and 36/7. The field was proven in 1989. Reserves are estimated to be 82 million barrels of oil and condensate and 40 billion cubic meters of gas.
Gas will be transported in the British pipeline Flags to St. Fergus in Scotland and oil will be piped via a tie-in to the Troll II pipeline and further to the Statoil-operated Mongstad refinery near Bergen.