Statoil revealed Thursday that the Fram C East production well offshore Norway has started production.
Fram C East was drilled from the existing Fram subsea template and production will be tied back to Troll C, an important North Sea hub, according to Statoil. The development will help maximize production from the Fram area, in addition to boosting Troll C production and activities.
Gas from the well will be transported to Kollsnes via Troll A, whereas oil will be piped to Mongstad for further processing. Originally estimated at $97 million (NOK 800 million), capital expenditures for the project were reduced to $73 million (NOK 600 million) thanks to “a simple, smart well concept and significantly increased drilling efficiency,” said Statoil in a company statement.
Fram C East was discovered in 2007. Statoil owns 45 percent of the asset, with ExxonMobil, Engie and Idemitsu owning 25 percent, 15 percent and 15 percent respectively.
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