Statoil officially opens Vega subsea tieback in the North Sea

Source: Statoil

The Vega field in the North Sea was officially opened during a ceremony in Bergen March 17. The subsea field adds important natural gas and condensate to Statoil's (NYSE:STO) production on the Norwegian Continental Shelf

Regardless of a challenging development, the partners on the Vega field have completed the development project on time and within budget. 

“Our success is thanks to capable and enthusiastic employees, and competent suppliers and partners. Good cooperation with regional and central authorities has also been essential,” says Øystein Michelsen, Statoil’s executive vice president for Development and Production Norway. 

He hosted the ceremony yesterday, marking the official opening of Vega. Representatives of partners, suppliers and the Norwegian government, and other guests, took part in the inauguration. 

Production Start

Production on the Vega field commenced on December 2, 2010. Gas and condensate flow from three subsea templates to the processing facility on the Gjøa platform, which is operated by GDF SUEZ E&P Norway. 

Following unitisation of the two Vega licences, Vega and Vega South, the partnership consists of Statoil (operator) (54%), Petoro (24%), Bayerngas Norge (10%), Idemitsu Petroleum Norge (6%) and GDF Suez E&P Norge (6%).



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