Four New Wells on Statfjord Øst
Wednesday 20 October 2021
Spirit Energy and the license partners have agreed to drill four new wells on Statfjord Øst. Planned start-up is in the spring of 2023, and the rig COSLPromoter has been hired to drill the wells.
Asset Manager Håvard Nygård at Spirit Energy said: “Landing a rig agreement is an important milestone. Four new wells will increase the reserves in the field and help to achieve the ambitions for the Statfjord 2040 project.”
In addition to the four wells on Statfjord Øst, the rig also has options for drilling five wells for the Statfjord satellite fields. The contract value is calculated at about $56 million for the fixed part of the agreement, estimated to last for 220 days.
Nygård said: “Further development of Statfjord Øst is in line with the goals we have for the Statfjord area. The remaining reserves are still significant, and we are working to extend the field life and produce as much as possible of the oil and gas in the area.”