Norway: NPD Assessing Total's Plan for Hild
The Norwegian Petroleum Directorate (NPD) has said it has received, and is currently assessing, Total's development and operation plan for the Hild oil and gas discovery in the Norwegian North Sea.
Total is the operator for the 30/7-6 Hild discovery with a 51 per cent stake. Its partners in the discovery, Petero and Statoil hold a 30 per cent stake and 10 per cent stake respectively. The companies will invest about NOK 25 billion (approximated €3.25 billion) in the project, with an integrated wellhead, living quarters and a production facility with a life span of 30 years planned.
The NPD puts the total recoverable reserves in the Hild discovery are estimated at 29 million cubic metres of oil equivalents.
The recovery strategy of the companies, NPD says, is to first produce gas and condensate from Hild Øst and oil from Hild Olje. After that, oil from Frigg formation will be phased in and developed using a gas lift.
Hild is scheduled to begin production in 2016.