Hydro extends rig contract on Troll
West Venture was hired in 2000 to drill production wells on the Troll field. The development of advanced drilling and well technology has contributed to Troll Oil now being the highest oil producer on the Norwegian continental shelf, with a daily production level of around 400,000 barrels.
Today Hydro produces oil from 101 wells on the Troll field, 28 of which are three-branch wells. These help have lower drilling costs and allow greater recovery of the oil reserves.
Hydro is planning to have two drilling rigs in activity on Troll Oil in the near future to keep up high production and value creation from the field.