Statoil to develop Snefrid Nord

Norway

OSLO, July 6, 2017 – Norway’s Statoil announced on Thursday that it would develop the Snefrid Nord gas discovery in the Norwegian Sea.

The company will invest NOK 1.2 billion (USD 143 million) in the development, which is expected to come on stream towards the end of 2019, a company statement said.

Snefrid Nord, discovered in 2015, will be tied to the nearby Aasta Hansteen field, where a spar platform is scheduled to be installed next year.

“Aasta Hansteen is a strategically important development as the platform and Polarled pipeline open a new area in the Norwegian Sea for gas exports to Europe,” said Siri Espedal Kindem, Statoil’s senior vice-president for operations north.

“The projects also establish a new infrastructure, which will create opportunities for future field development projects in the area.”

Aker Solutions will provide a single-slot subsea template, a suction anchor and umbilicals for the project, while Subsea 7 will be responsible for the subsea installations and will provide flowlines and spools, the press release added.

The news came as Statoil contracted Ocean Installer to install umbilicals and perform other subsea work at the Johan Sverdrup, Bauge and Utgard fields.