Statoil has submitted the Plan for Development and Operation of the Utgard discovery in the North Sea

Statoil and its partners have submitted the Plan for Development and Operation (PDO) and the Field Development Plan (FDP) for the Utgard gas and condensate discovery in the North Sea to Norwegian and UK authorities. Recoverable reserves are estimated at 56.4 million barrels of oil equivalent, whereas capital expenditures are projected at about NOK 3.5 billion. Discovered in 1982 Utgard (formerly Alfa Sentral) is located 21 kilometres from the Sleipner field. The discovery has been considered for development on several occasions in the past. ….