Statoil and Total announced on 27 November 2017 that they have reached an agreement for Statoil to take over Totalâs interests in Martin Linge (51%) and Garantiana (40%) for a sum of USD 1.45 billion (financially effective from 1 January 2017). Total states that Statoil is better placed to optimise the assets because of its leading operating position on the NCS, whereas Martin Linge would be Totalâs first NCS operated field. Martin Linge is due onstream in the first half of 2019, with recoverable reserves of over 300 MMboe (according to Statoil), and development concepts for Garantiana (50-70 MMboe) are being evaluated. The deal is subject to approval by the authorities and is expected to close in 2018. Martin Linge is located in blocks 29/6, 29/9, 30/4 and 30/7 and is being developed using a stand-alone production platform for wells, process, utilities and accommodation which will be powered from shore. The jacket is already in place and the topsides will be installed in 2018. Oil and condensate will be exported by offshore loading onto shuttle tankers through a permanently-moored Floating, Storage and Offloading vessel (FSO) and gas will be exported via the FUKA pipeline to the UK (St. Fergus). Costs have been increasing on the project and in October 2017 were confirmed at an estimated NOK 41.3 billion (USD 5.2 billion), an increase of 42% compared with the PDO estimate of NOK 29.2 billion (USD 3.7 billion). The onstream date has also been pushed back from the original forecast of late 2016. At Garantiana (block 34/6) four different development scenarios are being considered: a stand-alone floating production unit and a subsea tie-back to either Knarr, Visund or Gullfaks. The development will utilise three producers and three water injectors with development costs ranging from NOK 5 â 10 billion (USD 600 â 1,200 million) depending on the chosen development solution. PDO submission is planned for 2018 with drilling set to commence in 2019 / 2020, followed by installation and completion in 2020. Production is expected to start in 2020 / 2021 Following completion of the deal, interest in the Martin Linge field will held by Statoil Petroleum AS (70% + operator) and Petoro AS (30%) and interest in Garantiana (PL 554) will be divided between Statoil Petroleum AS (40% + operator), Aker BP ASA (30%) and Point Resources AS (30%).
Norway (Tampen Spur (Viking Graben Province)) Knarr