Statoil skeleton $2B ascent to Troll healthy gas growth in a Norwegian North Sea

Source: Statoil

Statoil (NYSE:STO) and a partners in a Troll licence have motionless to deposit NOK 11 billion (US $2 billion) in dual new compressors on Troll A. The compressors will capacitate a prolongation of gas from a Troll field all a approach until 2063. 

The dual new compressors form a final proviso of a designed ability enlargement on Troll A. 

“A third of all gas ability on a Norwegian continental shelf (NCS) is constructed on Troll A, creation Troll a dilemma mill of gas reserve to a continent. This will be a box for many years to come,” says Hans Jakob Hegge, comparison clamp boss for operations North Sea east. 

As a gas producer, Troll has a prolongation ability and lifetime that distant exceeds those of a other NCS fields. The new compressors also ready a approach for a tie-in of gas from Troll West once a oil prolongation has come to an end. 

“The Troll margin is a vital powerhouse on a NCS and is critical to Norway’s position as a arguable retailer of gas to continental Europe,” says Hegge. 

“Troll A binds a ability to broach some-more gas than a Troll owners devise to export, and can therefore broach when other fields have to secrete production. In this approach a Troll margin secures a smoothness commitments of other fields.” 

The Troll A height has been grown in several phases. The dual latest compressors, that will come on tide in 2015, will capacitate Troll A to furnish 120 million cubic metres per day adult until 2018, ensuring a ability to furnish 30 billion cubic metres annually until 2024. 

“As partial of this margin growth we are also laying a new energy supply wire for a Troll A auxiliary systems, and thereby improving a height regularity,” says Hegge. 

Troll A is an environmentally accessible height and a new compressors will be operated by means of land-based energy supply. The compressors are required since fountainhead vigour dump as a gas is extracted and they safeguard that a Troll gas can be ecstatic into a Kollsnes estimate plant. The gas is afterwards forwarded to a continent. 

The Troll margin lies in a northern partial of a North Sea, around 65 kilometres west of Kollsnes, nearby Bergen. The margin comprises a categorical Troll East and Troll West structures in blocks 31/2, 31/3, 31/5 and 31/6. 

Troll delivers gas homogeneous to a annual expenditure of 10 million European households. The pot on this vital margin comment for 48% of a remaining gas pot on a NCS. 

Statoil serves as a user of Statoil with 30.58 percent interest. Project partners embody Petoro with 56 percent, Shell with 8.10 percent, Total with 3.69 percent and ConocoPhillips with 1.62 percent.