Statoil has flipped the switch on its Fram C East facility on the Troll C platform.
The North Sea find is tied back to the Troll C. Gas is then transported to Kollsnes via Troll A where it is then piped to Mongstad for processing.
“Fram C East is a small development project, but a key element of our plans to capture maximum value in the Fram area,” said Lars Høier, vice president operations, Troll and Fram.
“We are pleased to see that our targeted efforts to cut costs and improve profitability on the Norwegian continental shelf (NCS) have benefitted this development project. Fram C East has seen profitability rise from good to even better, and will see a positive cash flow as early as in 2016.”
The Norwegian operator shaved NOK200million off its development costs.
“Our strong position and role in several partnerships in the Troll / Fram area give us flexibility and possibilities to generate high value by taking an overall approach to the area, maximising the use of the existing infrastructure. This represents good resource management, benefitting our partners, our owners, suppliers and society at large,” added Gunnar Nakken, senior vice president, Operations West.
Capital expenditures totalling some NOK 600million, recoverable resources are estimated at 18.2 million barrels of oil and 1.6 billion sm3 of gas.
Recommended for you
