Saga Petroleum, Oslo, and partners will develop Tordis oil field in the Norwegian North Sea with a subsea production system (SPS) tied back to Gullfaks field 5.6 miles southeast.
Saga's proposals to use a floating production system (FPS) based on the successful Petrojarl design were rejected by its partners.
Saga now will present a development plan for the 1 00 million bbl field in Block 34/7 entailing an SPS with five producers and three water injectors.
The plan is to be presented to Norwegian authorities by yearend. If approved by next summer, Saga could have Tordis on stream in 1994.
PROJECT DETAILS
Production from the $510 million project is expected to peak at about 56,700 b/d. Crude oil and small quantities of natural gas will be processed on the Gullfaks C platform and transported through the Gullfaks tanker loading system. Norway's state owned Den norske stats oljeselskap AS (Statoil) operates Gullfaks.
Saga, with a 9.8% stake in Tordis, promoted an FPS concept that would have been an expanded version of Petrojarl, which has produced exceptional results in extended well tests in the Norwegian North Sea.
However, Statoil 41.4% and Norsk Hydro AS 11.76% were unhappy with cost estimates for the FPS and persuaded Esso Norge, Elf Aquitaine Norge, and Idemitsu.
Saga could only muster support from the two minor shareholders, Deminex Norge AS and Det Norske Oljeselskap AS.
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