Statoil and its partners have unveiled plans to develop the Vilje South field in the Norwegian North Sea.

The field, which is an extension of the main Vilje development, is covered under the original plan for development and operation, and required a total investment of Nkr1.1bn ($186.52m).

It is estimated to hold recoverable resources of 7.6 million barrels of oil equivalent, mainly crude.

The development comprises a standard subsea template with one well tied back for processing to a seabed structure operated by Marathon at Alvheim.

The template, which is under construction by Aker, will be installed in 2013 with the rest of the subsea equipment.

Net oil production from the Vilje South well for 2014 is 5,000 barrels per day.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Drilling work at the new well will start early in 2013 and come onstream towards the end of 2013.

Statoil operates the field on a 28.5% interest, with Marathon Petroleum Norway, which holds 49.9% and Total E&P Norway with 24.24%.