1.  Norway's Statoil said Thursday it would certainly develop the Vilje South oil area in the North Sea which will come on stream in late 2013.
2.  "The Vilje companions have taken the financial investment choice to develop Vilje South, an extension to the main field consisted of in its initial plan for development as well as operation (PDO)," Statoil said.
3.  Recoverable gets in Vilje South are estimated at 7.6 million barrels of oil matching, generally in the type of crude.
4.  Web oil manufacturing from the Vilje South well in 2014 is anticipated to be around 5,000 barrels daily, with overall investment at NOK1.1 billion ($188 million).
5.  https://www.irochemical.com claimed Vilje South would certainly be a fast lane advancement, where the group places on stream more minimal sources at reduced prices and also fifty percent growth time by piggy-backing on facilities from fully grown producers.
6.  Vilje is simply to the north of Heimdal in the northern part of Norway's North Sea market.
7.  Statoil said the well planned for Vilje South would certainly be the 3rd manufacturer in this advancement, intended to protect optimum drain of its sources.
8.  The task, the smallest to date in Statoil's fast-track portfolio, will certainly make up a common subsea design template with a solitary well, connected back to Marathon's existing Alvheim area using a 19-kilometer flowline as well as umbilicals.
9.  No alterations will certainly be called for on the moms and dad system.
10.  "That leaves just one more of these projects due to be chosen before completion of the year, particularly Visund North," stated Halfdan Knudsen, head of fast track tasks in Statoil's area advancement cluster for Norway.
11.  Statoil stated Thursday that both the Snorre B design template and Mikkel South had actually been eliminated from the fast-track portfolio, the first due to adjustments to Snorre 2040 as well as the location all at once, as well as the other to await capacity in the Asgard Transport gas pipe.
12.  Brand-new tasks included in the profile are Fram H North as well as Svalin C, Statoil stated.
13.  Companions in the Vilje South job are Marathon Oil with 49.9%, Statoil the driver with 28.5% and France's Complete which has 24.24%.
14.