Statoil Plans Gullfaks Subsea Gas Compression
Thursday, April 12, 2012
Statoil expects to award Framo Engineering a US$155 million contract for the design and construction of the Gullfaks subsea gas compression system in the Norwegian North Sea.
In 2011, Statoil and partner Petoro (30% share) decided to use subsea compression as the preferred method for developing reserves 9 mi. (15 km) from the Gullfaks C platform.
Statoil said the current recovery rate at the field is 62%, but a combination of subsea compression and conventional low-pressure production in a later phase may increase this to 74%.
In 2009, Framo Engineering, a Schlumblerger subsidiary, received a technology development contract. Contracts for platform modifications and marine operations in connection with the Gullfaks development will be provided this summer and fall.
Last year Statoil and partners decided to pursue subsea gas compression on the Åsgard field. The Norwegian parliament approved the development plan this spring (See March 2012 CompressorTechTwo, p. 52).
For more information: www.Statoil.com
