Friday, September 22, 2017

Norwegian giant Statoil Taps on at Gjoa

November 11, 2010 by  
Filed under Oil News

Energi ;  Norwegian giant Statoil has brought the Gjoa development on stream – and will now hand over operatorship of the North Sea development to France’s GDF Suez.

Gjoa, which was discovered in 1989, holds about 82 million barrels of oil and 40 billion cubic metres of gas. There are a further 26 million barrels of condensate and 18 Bcm of gas at the satellite Vega field, which will be tied in to the Gjoa platform.

Gjoa, in blocks 35/9 and 36/7, has been brought on stream via five subsea templates tied back to the platform. A further three subsea templates will be used to bring Vega on line.

Oil output from Gjoa will be piped to Mongstad via the Troll II line, while gas will enter the UK’s Flags system, making landfall at the St Fergus terminal.

While Statoil, which was the field’s development phase operator, now hands over operatorship to GDF Suez, it will retain its 20% stake in the field.

GDF Suez holds a 30% stake in Gjoa, with Petoro (30%), Shell (12%) and RWE Dea (8%)

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