Statoil Starts Production at Visund North Field

Norway’s Statoil started production in the Visund North oil and gas field in the North Sea, reads a note released on Wednesday.

“Completion of the first production well as well as a production shutdown at the Visund A platform gave us some challenges, but in spite of this we are starting production only 3-4 weeks after the scheduled startup established two years ago. This is also taking place within the investment frame and without serious HSE incidents,” Statoil Visund North field development head Hogne Pedersen commented in the press release.

According to the company, the Visund North field development has a project organisation similar to the Visund South field.

‘This has enabled efficient implementation of experiences from Visund South, which was the first development in Statoil’s fast track portfolio,’ reads the note. 

The total recoverable reserves are estimated at 29 million barrels of oil equivalent (boe) and the total investment for the field development is NOK 3.3 billion. 

“Production from Visund North is a significant part of the production from the Visund field and contributes to the extension of the economic lifetime of the Visund A platform. In addition new resources in the northern Visund area has been proved with the Rhea discovery in January 2013 which was drilled by an exploration pilot from one of the Visund North wells,” commented Tom Karsten Gustavsen, Statoil vice president for Kvitebjørn, Visund and Grane.