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PDO for Byrding (previously Astero) submittedStatoil and partners Wintershall, Engie and Idemitsu have submitted the Plan for Development and Operation (PDO) of the Byrding oil and gas field to the Norwegian Authorities.

The field, previously known as Astero, was discovered in 2005 and is located north of the Fram field in the North Sea. Under the preferred development solution a two-branch well will be drilled from the existing Fram H-Nord subsea template, through which oil and gas from Byrding will flow to the closely located Troll C platform. From here oil and gas will be exported through existing pipelines to Mongstad and Kollsnes.

The investment for the Byrding partners is expected to be nearly 1 billion NOK. Recoverable volumes are approximately 11 million barrels of oil equivalent, and the field is expected to come on stream in third quarter of 2017.

Statoil Petroleum AS is the operator of the field with a 45 percent interest. Wintershall Norge AS holds 25 percent, while Engie E&P Norge AS and Idemitsu Petroleum Norge AS both have interst of 15 percent.

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