Noreco: Siri Subsea Storage Tank On Line in Q4
- Business & Finance
Norwegian Energy Company (Noreco) in July 2014 produced 6 979 barrels of oil equivalents per day (boepd) on average and delivered an update on Siri platform production.
The technical installation work related to the permanent repair of the Siri platform has been completed and production from the Siri field has partly resumed.
Documentation and authority approvals remain before final commissioning, which will allow use of the subsea storage tank.
This repair work, combined with production from the Siri field, is expected to result in more stable production from the other fields in the Siri area as well.
The crude oil storage tank at the Siri platform is likely to be on line early in the fourth quarter. The temporary solution with production directly to shuttle tanker will then be terminated.
The Siri field consists of three reservoirs and it’s operated by Dong Energy.
August 08, 2014