Equinor and license partners at Statfjord Øst have decided to invest NOK 3 billion in the North Sea field to improve recovery by 23 million barrels of oil equivalent.
Statfjord Øst, which came live in 1994, is tied back to the Statfjord C platform by pipelines. A total of four new wells will be drilled from existing subsea templates. The project also includes modifications on Statfjord C and a new pipeline for gas lift, said Equinor.
The original oil volume in place on Statfjord Øst was 415 million barrels of oil and the current recovery factor is 56 percent, which is expected to increase up to 62 percent.
Stakeholders’ plans for the installation of a pipeline for gas lift, modifications on Statfjord C and drilling of new wells in 2022 – 2024.
Production start is scheduled for 2024.