Spirit Energy and the license partners have agreed to drill four new wells on Statfjord Øst. Planned start-up is in the spring of 2023, and the rig COSLPromoter has been hired to drill the wells.

Asset Manager Håvard Nygård at Spirit Energy said: “Landing a rig agreement is an important milestone. Four new wells will increase the reserves in the field and help to achieve the ambitions for the Statfjord 2040 project.”

In addition to the four wells on Statfjord Øst, the rig also has options for drilling five wells for the Statfjord satellite fields. The contract value is calculated at about $56 million for the fixed part of the agreement, estimated to last for 220 days.

Nygård said: “Further development of Statfjord Øst is in line with the goals we have for the Statfjord area. The remaining reserves are still significant, and we are working to extend the field life and produce as much as possible of the oil and gas in the area.”

About Statfjord Øst

Statfjord Øst is a field in the Tampen area in the North Sea, seven kilometres northeast of the Statfjord field. The water depth is 150-190 metres. Statfjord Øst was discovered in 1976, and the plan for development and operation (PDO) was approved in 1990.

The field has been developed with two subsea production templates and one water injection template, tied-back to the Statfjord C platform. In addition, two production wells have been drilled from Statfjord C. Production started in 1994.

Partners in the Statfjord Øst licence are: Equinor Energy AS (31.6875% - operator), Petoro AS (30%), Vår Energi AS (20.55%), Spirit Energy Norway AS (11.5625%), Idemitsu Petroleum Norge AS (4.8%), and Wintershall Dea Norge AS (1.4%).

About Spirit Energy

Spirit Energy Limited is a leading independent oil and gas operator in Europe, with 2020 production of nearly 45 mmboe, and 2020 year-end 2P reserves of 246 mmboe.
Spirit Energy has operated and non-operated interests across the UK, Norway and the Netherlands, with 33 producing fields and nearly 150 exploration licenses.
Employing more than 800 people, Spirit is headquartered in the UK, with offices in Staines-upon-Thames and Aberdeen in the UK; Stavanger in Norway, and Hoofddorp in the Netherlands. The business also owns and operates the Barrow Gas Terminals in the UK.
The company is owned by Centrica plc (69%) and Stadtwerke München Group (31%)