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Statoil proposes massive pipeline for North Sea Sverdrup field

Nov. 08, 2013 8:59 AM ETEquinor ASA (EQNR) StockEQNRBy: Carl Surran, SA News Editor1 Comment
  • Statoil (STO) is said to propose building a subsea pipeline twice as big as needed to take gas from Norway's giant new Johan Sverdrup oil and gas field to cater for future finds which could be tied into the new line.
  • STO aims to build a 10M cubic meter/day, 165-km gas pipeline from the field, which would go into operation near the end of the decade.
  • Sverdrup, the biggest North Sea find in decades, is estimated to hold up to 3.3B barrels of oil, and its partners expect peak production of 500K bbl/day.

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