Visund South, which will be developed with a subsea installation and comprises of the Pan and Pandora discoveries, is located 10km from both Gullfaks C and the Visund A platform.
Pan and Pandora, discovered in 2008 and 2009, are in 290 m of water and contain an estimated 67 million boe (one-third oil and two-third gas) in reservoirs at 2,900m below the sea-bed.
The installation will consist of a subsea template with four well slots, where three wells will be drilled and tied in to Gullfaks C for processing.
Statoil expects the oil and gas production to commence in third-quarter of 2012 while transport and export will take place through Gullfaks C’s export system.
Visund South is the first in Statoil’s portfolio of fast track developments. In just one year, the project has matured from an opportunity to an investment decision and PDO.
