Statoil submits Trestakk Plan for Development and Operation

Statoil, on behalf of the license holders, today submitted a Plan for Development and Operation of the Trestakk discovery on the Halten Bank to the minister for petroleum and energy, Tord Lien, in Bodø. Capital expenditures are estimated at approximately 5.5 billion NOK. The discovery, made in 1986, contains about 76 million barrels of recoverable oil equivalent, mainly oil. The project will be tied back to the Åsgard A oil production vessel, with planned production startup anticipated in 2019. ….