18th Mar 2015 07:19
LONDON (Alliance News) - BG Group PLC Wednesday said it has produced its first oil from the Knarr field in the North Sea offshore Norway.
In a statement, the oil and gas producer said the Petrojarl Knarr floating production, storage and offloading vessel had started production from the Knarr oil field in the North Sea, offshore Norway. The vessel has a production capacity of 63 000 barrels of oil equivalent per day and a storage capacity of 800 000 barrels.
BG Group is the operator of the field with a 45% working interest. Partners comprise Idemitsu Petroleum Norge, with a 25% interest, Wintershall Norge with a 20% interest and DEA Norge AS with a 10% interest.
The Knarr field, discovered in 2008, has estimated gross recoverable reserves of around 80 million barrels of oil equivalent with a production life of at least ten years. In 2011 the Knarr field was merged with the Knarr West field into an integrated development. New exploration drilling in the licence area is ongoing, in order to help extend the production life further, BG Group said.
By Steve McGrath; [email protected]; @stevemcgrath1
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