Statoil invests in offshore pipeline export solution

source:Statoil

Statoil invests in offshore pipeline export solution

Statoil and its partners have made the investment decision for a joint oil export solution for the Edvard Grieg and Ivar Aasen fields.

The oil will be transported via a 43-kilometre oil pipeline from Edvard Grieg to the Grane oil pipeline, and then on to Sture.

The transport solution is a precondition for developing the Edvard Grieg (operated by Lundin) and Ivar Aasen (operated by Det norske oljeselskap) fields. Edvard Grieg is scheduled to start producing in 2015 and Ivar Aasen in 2016. The new pipeline will be called the Edvard Grieg oil pipeline.

Statoil is a partner in both fields and operator for the joint venture for oil transport.

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