Statoil speeds up development of Smorbukk North-East

Statoil has advanced the production start for Smorbukk North-East to December 2011 from its early planned 2013 start up. 
The company will develop the field as a satellite to the Asgard B semisubmersible gas and condensate processing facility in the Norwegian Sea. 
The company estimates that Smorbukk North-East contains about 16 million boe and will require about 1 billion kroner to develop. 
[Read more]
Source: Oil & Gas Journal