Statoil Works To Increase Efficiency for Åsgard, Johan Sverdrup

Norway’s Statoil intends to maintain its centrality in Europe, putting the first subsea gas compression facility on line at Åsgard in the Norwegian Sea, and awarding an EPC contract for subsea equipment for the Johan Sverdrup project. 

‘Subsea compression will add some 306 million barrels of oil equivalent to total output over the field’s life’ reads a note released on Thursday. 

Speaking about the subsea technology, the company said it is a game changer in deep waters.

“Thanks to the new compressor solution we will achieve increased recovery rates both at Midgard and Mikkel, extending the reservoirs’ productive lives until 2032,” Siri Espedal Kindem, senior vice president for Åsgard operations, commented.

A few hours later, on Friday, Statoil awarded an EPC contract for subsea equipment for the Johan Sverdrup project to FMC Kongsberg Subsea.

‘The contract has an estimated value of NOK 1.3 billion, and includes deliveries of 13 Subsea trees and well heads, in addition to three subsea templates and control systems’ Statoil wrote on its website.