ExxonMobil submits development plan for Ringhorne Øst

ExxonMobil in Norway (Operator) has today submitted a Plan for Development and Operation (PDO) for Ringhorne Øst to the Ministry of Petroleum and Energy. The Ringhorne Øst development is contained within block 25/8 and is estimated to produce a total of 47 million barrels of oil. The wells will be drilled from the Ringhorne platform utilizing existing well slots. 

The wellstream will be processed at the Ringhorne and Balder facilities utilizing available facility capacity. Only limited modifications are required to the Balder and Ringhorne facilities, primarily for the purpose of metering and allocation. The produced gas will be exported through Statpipe into the Gassled system via the high pressure gas export line from Balder to Jotun. The total development cost is estimated at approx. NOK 1 billion.

The Ringhorne Øst development is located in two licenses – PL169 and PL027 – with the following licensees:

PL169

Norsk Hydro  45%
Petoro       30%
ExxonMobil  13%
Statoil       12%

PL027

ExxonMobil 100%