Statoil and its partners(GDF SUEZ and OMV) have started production in the Gudrun oil and gas field in the Norwegian North Sea. Gudrun, the Statoil operated platform is located in the central Norwegian sector of the North Sea, approximately 55 kilometres north of the Sleipner installations.
First discovered in 1975, Gudrun is a high temperature-high pressure field- the main reason it was left by Statoil waiting for drilling and production technologies to catch up.
The Gudrun field is now estimated to produce 184 million barrels of oil and gas equivalent over its life after its initial NOK 12 billion (GBP 1.2 billion / USD 2 billion) investment.
“Gudrun is the first new Statoil-operated platform to come on stream on the Norwegian continental shelf since 2005. This is a red-letter day for the company,” says Arne Sigve Nylund, Statoil’s executive vice president for the Development and Production Norway business area.Last updated on 07:26PM - 20/04/14