ExxonMobil Starts Production on Norwegian Kristin Field
ExxonMobil Production Norway Inc., a subsidiary of Exxon Mobil Corporation,
has participated in the development of the Kristin field which began
production on November 3rd, 2005. Kristin contains estimated recoverable
reserves of 43 billion cubic metres of gas and 240 million barrels of
condensate. ExxonMobil Production Norway Inc. has a 10.90 percent equity stake
in this field, operated by the Norwegian company Statoil.
"Kristin is a high temperature and pressure field development consisting of
four subsea templates tied back to a floating platform, with a planned total
of twelve wells, said J. Michael Yeager, Vice President of ExxonMobil
Development Company. "The produced gas is piped via the Åsgard Transport line
to the Kårstø processing plant north of Stavanger, while the condensate goes
to the Åsgard C storage ship for export."
Kristin
is due to reach plateau production next summer. A total of NOK 21.6 billion
has been invested in the development which includes the Tofte reservoir.
The infrastructure established to produce Kristin enables the development of
further projects in the area, which will secure ExxonMobil production for
years to come. The Statoil-operated Tyrihans field in which the company has a
33 percent equity share, is already due to be tied back to the Kristin
platform and to start production in 2009.
ExxonMobil is
operator for the Balder, Jotun, Ringhorne and Sigyn fields. With an interest
in more than 20 fields on the Norwegian Continental Shelf, the company
contributes about 10 percent of the total Norwegian daily production of
approximately 4.4 MBDOE.
