Statoil gets go-ahead for year-long production drilling campaign at Gullfaks

Source: PSA Norway

According to the Petroleum Safety Authority Norway, Statoil (NYSE:STO) has received consent to use Odfjell’s Deepsea Atlantic ultra-deepwater semisubmersible rig for production drilling on Gullfaks in the northern Norwegian North Sea. 

The consent relates to drilling and completion of three wells, 34/10 F-3 AH, 34/10 F-1 H and 34/10 G-4, in Production License 050.

The expected start up is September 10, 2011 for production well 34/10 F-3 AH, and the duration of the activities has been estimated at 385 days. 

Developed in three stages in the 1980s, Gullfaks also serves as a production hub to satellite fields Gullfaks South, Rimfaks, Skinfaks and Gullveig. 

Statoil operates the Gullfaks oil and gas field with 70 percent interest. Petoro holds the remaining 30 percent working interest.

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