StatoilHydro to Bump Up 600,000 B/D to NCS Production by 2015

«New field projects and actions to increase oil and gas production are expected to add 600,000 barrels per day to StatoilHydro’s production from the Norwegian continental shelf (NCS) by 2015,» said Hege Marie Norheim.

«Standardized project solutions with a short lead time from discovery to first oil or gas are the key to future success on the NCS,» added Norheim, StatoilHydro’s head of reserves and business development on the NCS.

In a presentation during ONS in Stavanger today Norheim maintains that the coordination of StatoilHydro’s portfolio on the NCS will have many benefits and a potential for considerable long-term value capture.

«Our goal is to realise the short-term resource and value potential of all of our producing fields, while putting considerable efforts into developing new projects and business opportunities in order to sustain the production level on the NCS in the long term,» Norheim said.

New field development projects are designed to add 300,000 barrels of oil equivalent per day in 2015. StatoilHydro is working on field development plans for, e.g. the Gudrun, Trestakk, Valemon, Astero, Peon, Luva, Lavrans and Dagny fields.

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