New compressor produces 220 million extra barrels - Norway Exports

Looking for a specific product?

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

New compressor produces 220 million extra barrels

From September the new compressor in operation on the Kvitebjørn field in the North Sea will increase production there by 220 million barrels of oil equivalent. This extends the field’s lifetime with eight years.

The new compressor contributes to an increase in the recovery rate at the Kvitebjørn field from 55% to 70%. “These are very profitable barrels, which make a considerable contribution to wealth creation on the Norwegian continental shelf.

Increased production and extended lifetime for the field also provides increased ripple effects across the entire value chain,” says Kjetil Hove, senior vice president for operations in Development and Production Norway in Statoil.

 

Valuable modules

The compressor project is making a substantial contribution to the increased recovery of gas resources from the field, which has increased its reserves by 50% since the plan for development and operation was submitted in 2000.

The extra barrels from the compressor are equivalent to a medium-sized, separately developed field.

“Many people don’t realise that these relatively small modules are able to contribute as much or more value as new fields and that they cost much less to develop because the platform is already in place,” explains Statoil brownfield projects senior vice president Terese Kvinge.

 

To read more, please visit Statoil here.

 

(Photo credit: Harald Pettersen)

Associated companies:


Related news

Latest news

Servogear propulsion technology enable sustainable Arctic cruises

We are really happy to have Servogear on board,

Students develop "health check" to prevent cyberattacks

It is very rewarding working with cyber security,

DOF Subsea contract awards

DOF Subsea has been awarded a contract in the Atlantic region...

Invitation to Elkem’s second quarter and half year 2018 results presentation

The company will host a presentation at 8.00 a.m. 

DNV GL checks technical and financial risks of three Norwegian wind farms totaling 294 MW

Working alongside Norwegian developer Norsk Vind...

Sperre AS on National Geographic

Last autumn, National Geographic was on Lake Tinn in Norway...

DNV GL secures Shell Penguins contract

The Penguins field is in 165 metres (541 feet) of water,

DNV GL helps Borealis to realise ambitious energy targets by cutting over 360,000 tons of CO2 annually

Over the course of four years, 

Kickstart your autumn with «The AKVAculture Day”

The event, which takes place in BI’s facilities at Marineholmen in Bergen,