Byrding on stream in North Sea

Source: Statoil

Recoverable volumes in Byrding are estimated at a good 11 million barrels of oil equivalent. Byrding is an oil and gas field north of the Troll field in the North Sea.

Statoil and its partners have started production on the Byrding field as planned. Recoverable volumes in Byrding are estimated at a good 11 million barrels of oil equivalent.

Byrding is an oil and gas field north of the Troll field in the North Sea.

The partners have invested around NOK one billion in Byrding, which is a reduction from the original estimate of around NOK 3.5 billion.

“Good utilisation of existing infrastructure has resulted in a cost-effective development that will add profitable resources to the Troll field,” says Gunnar Nakken, senior vice president for the operations west cluster in Statoil.

Statoil increased its share in Byrding from 45% to 70% when the company acquired Wintershall Norge’s share of 25% in October 2016.

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

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs