Statoil was today celebrating the billionth barrel of oil from its Troll B development.
The milestone figure was reached after more than 20 years in production. Troll B came on stream on September 19, 1995.
Troll B and C combined have been the largest oil producer on the Norwegian continental shelf for the last three years.
The average daily oil production for Troll B has been 20,600 cubic metres. In 2016, the average will be 12,000 cubic metres per day, an impressive rate for a 21-year-old “oil lady”, according to the Norwegian operator.
Based on average oil price, the Troll B has totaled up a revenue of NOK268billion. Almost 75% of that figure – NOK200billion – have been funneled back to the Norwegian state through direct ownership and taxes, according to Statoil.
“The combined oil and gas produced from the Troll field so far represent values worth NOK 1300 billion. After 20 years of production Troll will probably be the highest oil producing field on the NCS for the fourth year in a row. Troll B is delivering high regularity and good HSE results, and this is the result of dedicated employees doing a fantastic job every day, both offshore and onshore,” said Lars Høier, vice president of Troll operations.
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