The Gjoa oil and gas field, developed by Statoil, has come onstream in the north-west part of the Norwegian North Sea.
Statoil executive vice president for Exploration & Production Norway Oystein Michelsen said that oil and gas is set to flow from Gjoa for at least 15 years.
“However, we’ve seen that technology advances and the recovery factor constantly improves,” Michelsen said.
“We envisage that its facilities can make this field a hub for developments in this area.”
Recoverable reserves in Gjoa are estimated at 82 million barrels of oil and condensate and 40 billion cubic metres of gas.
The Gjoa platform is the world’s first production floater to receive its power from land through a 100km cable, reducing carbon emissions in the field by about 210,000t per year.
GDF Suez will replace Statoil as the development operator for the production phase with Statoil continuing as a partner in the field.
Oil from Gjoa will be piped to Mongstad through the Troll II line and gas will be piped through the British Flags system to St Fergus in the UK.