Norway's Statoil said Thursday it would certainly create the Vilje South oil field in the North Sea which will come on stream in late 2013.

"The Vilje companions have actually taken the investment decision to create Vilje South, an expansion to the main field included in its initial prepare for development and also operation (PDO)," Statoil said.

Recoverable gets in Vilje South are approximated at 7.6 million barrels of oil equivalent, mostly in the form of crude.

Internet oil manufacturing from the Vilje South well in 2014 is expected to be about 5,000 barrels each day, with complete investment at NOK1.1 billion ($188 million).

Statoil claimed Vilje South would be a fast track development, where the team places on stream much more minimal sources at lower prices and also fifty percent advancement time by piggy-backing on framework from mature producers.

Vilje is simply to the north of Heimdal in the northern component of Norway's North Sea industry.

polyetheramines claimed the well planned for Vilje South would certainly be the third manufacturer in this growth, meant to secure maximum drainage of its sources.

The task, the tiniest to date in Statoil's fast-track portfolio, will certainly comprise a typical subsea layout with a single well, connected back to Marathon's existing Alvheim field via a 19-kilometer flowline as well as umbilicals.

No adjustments will certainly be called for on the parent system.

"That leaves only one even more of these tasks due to be picked prior to the end of the year, namely Visund North," said Halfdan Knudsen, head of fast lane projects in Statoil's field advancement cluster for Norway.

Statoil claimed Thursday that both the Snorre B theme and Mikkel South had actually been removed from the fast-track portfolio, the first as a result of changes to Snorre 2040 and also the location overall, and also the other to wait for capacity in the Asgard Transportation gas pipeline.

Brand-new tasks added to the profile are Fram H North and Svalin C, Statoil claimed.


Companions in the Vilje South project are Marathon Oil with 49.9%, Statoil the driver with 28.5% as well as France's Complete which has 24.24%.