Oslo, 10 November 2010This pressinformation is more than two years old

RWE Dea Norge milestone: Production from the Gjøa field comes on stream

The Gjøa oil, natural gas and condensate field in Norway went into production. It is currently the biggest field development project in the Norwegian North Sea. The licence was awarded in July 1988, and the discovery was made the following year. After 22 years of work, the first gas and oil from Gjøa has now started to flow. The field is located in blocks 35/9 and 36/7 in the northern part of the North Sea, and it has reserves of 10 million cubic metres of oil and condensate and 37 billion cubic metres of gas.

The Gjøa oil, natural gas and condensate field in Norway went into production. It is currently the biggest field development project in the Norwegian North Sea. The licence was awarded in July 1988, and the discovery was made the following year. After 22 years of work, the first gas and oil from Gjøa has now started to flow. The field is located in blocks 35/9 and 36/7 in the northern part of the North Sea, and it has reserves of 10 million cubic metres of oil and condensate and 37 billion cubic metres of gas.

Full production capacity of 18 000 cubic metres OE per day is expected to be reached by 2nd half of 2011. Current planning provides for this level of production to be maintained until the year 2018.

Gjøa was developed with a semi-submersible production platform, four subsea templates and one subsea satellite. Sten Svensson, Licence Manager at RWE Dea Norge and member of the Gjøa management committee, says that the platform will be a future hub for discoveries made in the vicinity of the Gjøa field. The platform will receive power from land, through a 100 kilometres cable, from Mongstad north of Bergen. This measure is estimated to save the environment nearly a quarter of a million tons of CO2 per year.

RWE Dea Norge’s share of the reserves amounts to 0.8 million cubic metres of oil, 2.5 billion cubic metres of gas and 0.5 million tons of NGL (Natural Gas Liquids). The gas will be transported through the FLAGS pipeline to St. Fergus in Scotland, while the oil will be shipped through the Troll II pipeline and on to Mongstad.

“We are delighted that this ambitious, large-scale project is now in the home straight. Gjøa will be making a substantial contribution towards boosting our production in Norway, and it represents a vital part of our strategy for growth,” said Ralf to Baben, Chief Operations Officer of RWE Dea AG.

Licensees:
GDF SUEZ (operator in production phase): 30%
Petoro: 30%
Statoil (operator in development phase): 20%
Shell: 12%
RWE Dea Norge: 8%


Contact:
Uwe-Stephan Lagies, Head of Corporate Communications
T +49(0)40 – 63 75 2511
M +49(0)162 – 273 2511

Derek Mösche, Press Spokesman
T +49(0)40 – 63 75 2670
M +49(0)162 – 273 2670

Background information

RWE Dea Norge AS is a subsidiary of the German oil and gas company RWE Dea AG and has been present in Norway for 37 years. The company has ownership interests in several producing fields, such as Snorre, Gjøa and Snøhvit, and is participating in two of the most important recent discoveries on the Norwegian continental shelf, Luno and Jordbær. RWE Dea Norge is operator of three exploration licenses, PL435, PL420 and PL330. PL435 was drilled earlier this year, and the company made a significant gas discovery.

RWE Dea AG, headquartered in Hamburg, is an international company operating in the field of exploration and production of natural gas and crude oil. The company deploys state-of-the-art drilling and production technologies and puts its many years’ experience acquired to good use in its activities. RWE Dea has set new standards in the fields of safety and environmental protection.

RWE Dea has stakes in production facilities and concessions in Egypt, Denmark, Germany, the UK and Norway, and holds exploration licenses in Algeria, Ireland, Libya, Mauritania, Morocco, Poland, and Turkmenistan. Moreover, in Germany RWE Dea also operates large subterranean storage facilities for natural gas. RWE Dea is part of the RWE Group, one of Europe’s largest energy utilities.



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: This pressinformation is more than two years old