by Rigzone Staff
Friday, November 17, 2017
The Norwegian Petroleum Directorate (NPD) has granted consent for the start-up of production from the Maria field in the Norwegian Sea.
The development will come on stream in December, almost one year ahead of the original plan, at reduced costs and with slightly increased oil reserves, the NPD said in an organization statement.
Investment costs for the project are just over $1.4 billion (NOK 12 billion), down from the estimate in the Plan for Development and Operations (PDO), which was $1.9 billion (NOK 15.7 billion).
“The Norwegian Petroleum Directorate is very satisfied with the development of the Maria project,” said Kalmar Ildstad, NPD assistant director for development and operations in the Norwegian sea.
Maria is operated by Wintershall. The field is located about 240 kilometres northwest of Trondheim, about 20 kilometres east of the Kristin field and approximately 45 kilometres southwest of the Heidrun field.
Maria has been developed with two seabed templates, each with four slots. Current plans are to drill four oil production wells and two water injection wells.
Wintershall estimates total recoverable reserves of 28.9 million standard cubic meters of oil, 1.32 million tons NGL and 2.31 billion standard cubic meters of gas. The field is expected to produce for 22 years.
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