Statoil opening its Christmas gift early this year

Gullfaks Rimfaksdalen was scheduled for start-up on Christmas Eve this year, but the subsea project has worked faster and now the field is on stream – at lower costs than planned.

The project delivered is more than NOK 1 billion below the estimate of the plan for development and operation (PDO), reducing costs from NOK 4.8 billion to around NOK 3.7 billion.

"I am pleased to see that the project starts up four months ahead of plan, demonstrating good and efficient project management," says Torger Rød, senior vice president for project development in Statoil.

"Over time we have focused on reducing costs and raising the profitability of our projects to ensure long-term activity and value creation on the Norwegian continental shelf (NCS). Based on a smart concept using standard solutions and existing infrastructure, Gullfaks Rimfaksdalen strongly proves that we are on the right track to succeed on this work," continues Rød.

(Source: www.pennenergy.com)