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Gygrid Prospect

Project Type

Light oil field

Water Depth

810ft

Reserves

20 to 30 million barrels of recoverable oil

Discovery

June 2009

First Production

2012 / 2013

Estimated Investment

NOK4bn ($0.7bn)

Operator

Statoil

Partners

Statoil (35%), GDF Suez (20%), Norwegian Energy Company (17.5%), E.ON Ruhrgas (17.5%), Petoro (7.5%) and VNG Norge (2.5%).

Subsea Equipment Supplier

FMC Technologies
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