Esso Norge Begins Oil Production From the Balder Field
6.10.1999, 18:39
Irving, Texas (PROTEXT) - Exxon Corporation (NYSE: XON)announced today that its affiliate Esso Norge AS (ENAS) has begunoil production at the Balder field (ENAS interest 100 percent) inblock 25/11 - PL001, located 115 miles west of Stavanger in theNorwegian North Sea. The field is expected to reach a peak ofapproximately 100,000 barrels a day from an estimated 170 millionbarrels of recoverable oil. The Balder field has been developed through 14 subsea wells,including 10 producers. The wells are tied back to the BalderFloating Production and Storage Unit (FPU) with a storagecapacity of 380,000 barrels of oil. The crude oil is offloadedvia shuttle tankers transporting the oil to the markets. Over the last several years ENAS has identified additionalhydrocarbon resources in the Utsira High area close to the Balderfield through an extensive exploration and drilling program. Thecompany has undertaken studies to assess the possibility offurther developments in the Balder area utilizing the Balderfacilities. ots Original Text Service: Exxon CorporationInternet: http://www.newsaktuell.de Contact: Ed Burwell ofExxon Corporation, (USA) 972-444-1108 Web site:http://www.exxon.com
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