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Statoil To Invest In Tordis Development

Norwegian oil company Statoil ASA said Friday it has submitted to the Ministry of Petroleum and Energy

Statoil To Invest In Tordis Development

Norwegian oil company Statoil ASA said Friday it has submitted to the Ministry of Petroleum and Energy a revised plan for development and operation of the Tordis field to extract about 35 million extra barrels.

Statoil expects to invest NOK1.8 billion in the field and to improve the field's recovery factor to 55% from 49%.

Tordis has been developed with subsea installations tied back to Statoil's Gullfaks C platform.

This project represents the first time that full-scale subsea separation has been adopted.

The first step will be to reduce reception pressure on Gullfaks C, followed by installation of a subsea module on Tordis for separation and injection of water.

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