Statoil Opens Vega Field in the North Sea

21 March 2011 (Last Updated March 21st, 2011 18:30)

Statoil has opened the Vega subsea field in the North Sea to produce natural gas and condensate. Production on the Vega field began in December last year with gas and condensate flowing from three subsea templates to the processing facility on the Gjøa platform operated by GDF Suez E&P

Statoil has opened the Vega subsea field in the North Sea to produce natural gas and condensate.

Production on the Vega field began in December last year with gas and condensate flowing from three subsea templates to the processing facility on the Gjøa platform operated by GDF Suez E&P Norway.

Following a combination of two Vega licences, Vega and Vega South, the field is owned 54% by Statoil, the operator of the field, holds a 54% stake in the project; Petoro owns a 24% stake; Bayerngas Norge owns a 10% interest, while Idemitsu Petroleum Norge and GDF Suez E&P Norge each own a 6% stake in the field.