Statoil and partners want Byrding oil and gas fieldStaff Writer | August 20, 2016
Statoil and its partners submitted the Plan for Development and Operation of the Byrding oil and gas discovery in the North Sea to government authorities.
Oil exploration The duo-lateral well in the North Sea
Oil and gas will be piped from there through existing pipelines to Mongstad and Kollsnes respectively.
Capital expenditures have been reduced from initially approximately NOK 3.5 billion to the current estimate of approximately NOK 1 billion.
The duo-lateral well to be drilled is some seven kilometres long, the first kilometres being shared by the two laterals.
According to plans Byrding will remain on stream for 8-10 years. ■