Statoil to Extend Norne Field’s Life to 2030

Statoil announced that the life of its Norne field will be extended at least 16 years to 2030, thanks to maintenance investments and positive externalities. 

“Thanks to systematic maintenance of Norne for 17 years the vessel is now in a good technical condition. We have also aimed to facilitate improved recovery and phase-in of new discoveries to the Norne vessel. In light of this we are now considering extending Norne’s life to 2030,” Norne operations vice president Kristin Westvik commented in a note.  

The field is operated by Statoil, with Eni, Petoro and Dong holding significant stake in the field.  

The recovery factor for the main Norne field today is 56.5%, which Statoil dubbed ‘a top result worldwide for production from subsea fields.’

Over the years, the number of subsea templates grew by 300%. When the field came on stream in 1997, the subsea templates were five. Now production flows from a full fifteen subsea templates in Harstad. 

‘The last subsea template to be installed was the Skuld fast-track project in 2013, which represented a total investment of almost NOK 10 billion. In addition the Alve field and the Eni-operated Marulk field have been tied in to the Norne FPSO’ wrote Statoil.