Norsk Hydro 9.3%
Oil Gas Reserves:
Glitne, StatoilHydro, - lies in blocks 15/5 and 15/6 in the Sleipner area of the Norwegian North Sea, about 40 kilometres north-west of Statoil's Sleipner East development. The water depth in the area is approximately 110 metres.
The Glitne field development by operator StatoilHydro is located Norwegian North Sea 15/5 in North Sea offshore Norway
in water depths of 110 meters
361 feet .
StatoilHydro with its partners started development of the Glitne field in 1955.
The recoverable reserves are estimated to 25 mmboe. Number of subsea wells are 6. The production year is
2001 with a daily production estimate of 40,000 bopd. The Glitne project is based on a
subsea solution with Glitne FPSO topside solution. The development cost is in the order of $90,000,000 with an estimated field life of years.