Looking for a specific product?

Make a search for products & suppliers, articles & news.

Fram and Vale projects get the green light

Norsk Hydro won approval from Norway's Ministry of Petroleum and Energy for development of the North Sea's Fram Vest and Vale fields. Hydro plans to use existing infrastructure in the Troll area to bring Fram Vest's small reserves on stream in October 2003. The field will be developed with two subsea templates with four wells each. The wellstream will be transported to the Troll C platform for processing. Fram Vest, which will require a $440 million investment, will have a plateau output rate surpassing 60,000 b/d of oil. Fram Vest's recoverable reserves are estimated at some 100 million barrels of oil and 8 Bcm of gas. Safe Service AS has a contract to support Fram's installation and commissioning program. Vale will be developed as a subsea satellite tied into the new Heimdal riser platform. Vale is planned to begin producing by June 2002. Vale's estimated recoverable reserves are about 2.5 Bcm of gas and 21 million barrels of condensate. Investments in Vale are calculated at about $100 million including modifications to the Heimdal unit, drilling, subsea templates and pipelines.