Statoil and its companions will make investments US$122 million (NOK1 billion) in a brand new challenge to spice up manufacturing from the Fram subject within the Norwegian North Sea, within the Troll license space, the Norwegian main introduced on 6 November.

The funding requires a brand new fuel module for the Troll C platform to extend oil manufacturing and fuel exports from Fram and assist additional improvement within the space, in response to Statoil.

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“Statoil is happy that we, along with the companions, have made an funding determination for this strategically essential challenge,” says Siv Irene Skadsem, vice chairman, tieback and brownfield tasks. “By utilizing standardized options and gear, along with specializing in making this a most lean challenge, and dealing intently with Statoil’s operations and suppliers, now we have provide you with a really cost-efficient and worthwhile fuel module,” Skadsem says.

The oil main provides that the investments are key to additional growing Troll C as a hub for the Troll C and Fram space. The module is not going to solely assist enhance manufacturing, however enhance the profitability of the Troll C set up by rising and accelerating manufacturing by way of the improved fuel capability.

Fram, which got here onstream in 2003, is 20km north of the Troll subject in about 350m water depth. Fram was developed with Fram West and Fram East, each with two Four-slot templates every. Both had been developed by two subsea templates tied again to Troll C. The Fram H-Nord and Byrding fields are developed with a 3rd template daisy chained to the Fram West. The Fram properly stream is transported by pipeline to Troll C for processing, and the oil is piped from there by way of the Troll II pipeline to Mongstad. The fuel is exported by way of Troll A to Kollsnes.

Statoil additionally annoucned that the partnership awarded Aibel an engineering, procurement, development, set up contract for the Troll C fuel module price about US$73.2 million (NOK600 million).

Aibel in Bergen shall be accountable for engineering, and the module shall be fabricated at Aibel’s Haugesund yard. The work has began, and the challenge goals at start-up on the finish of 2019.

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Statoil operates the license with 45% curiosity. Its companions are, ExxonMobil Exploration and Production Norway (25%), ENGIE E&P Norge (15%), Idemitsu Petroleum Norge (15%).

Source: www.oedigital.com

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