Statoil and Partners Start Work at Visund South

Statoil and partners have started up production on the Visund South oil and gas field in the North Sea. Visund South is the first of Statoil's fast-track portfolio projects.

"This is a milestone," says Hogne Pedersen, head of field development on Visund South, in a company statement. "We've managed to carry out this project in accordance with our planning and investment estimates."

Visund South consists of the Pan and Pandora discoveries, located 10 kms from both the Gullfaks C and Visund A-platforms and have been developed by means of a subsea installation. This consists of a template and four wells, where the first of three wells have been drilled and tied back to Gullfaks C for processing.

The development represents a total investment of roughly NOK 5.6 billion (€765m). Transport and export will take place via the Gullfaks C export system. The Visund South volumes have been estimated at around 67 million barrels of oil equivalents and the discovery is being characterised as a medium-sized one, in which oil accounts for 25% and gas 75%.