Snøhvit postponed

April 15, 1999, 01:00 CEST

A start to production for Statoil's Snøhvit, Albatross and Askeladden fields in the Barents Sea has been postponed from 2004 to 2005.

This decision is based on the group's revised schedule for the discoveries, which lie on the Tromsø Patch. The new timetable was presented to the management committee on 12 April.

A plan for development and operation (PDO) of the fields is now due to be submitted to the authorities in the autumn of 2000 rather than in December 1999, reports Kai Lima. He is finance and organisation manager for the Snøhvit liquefied natural gas project.

Statoil is discussing sales of LNG from the Tromsø Patch with potential buyers in the USA and the Mediterranean region, and the development has been coordinated with requirements for this commodity among clients.