Name of the Project
Snøhvit field – Askeladd development.

Location
The project is located in the Barents Sea, off the coast of Norway, at a depth of between 250 m and 345 m.

Client
The project is a partnership between Statoil (operator – 36.79%), Petoro (30%), Total (18.40%), Neptune Energy Norge (12%) and DEA Norge (2.81%).

Project Description
The development of Askeladd is part two of the multiphased Snøhvit development.

Askeladd will supply 21-billion cubic metres of gas and two-million cubic metres of condensate to the Hammerfest liquefied natural gas plant. Askeladd will be developed with three wells through two new subsea templates, with space for additional wells in the future. In addition, infrastructure will be installed for tie-in with Askeladd development to the existing Snøhvit field infrastructure.

Potential Job Creation
Not stated.

Value
Not stated.

Duration
The Askeladd project was approved in March, with planned production to start at the end of 2020.

Latest Developments
Statoil plans to award a contract for pipelaying to Subsea 7 and for marine operations to Ocean Installer in the Askeladd field development. Subsea 7 will lay a 44-km-long and 20″ wide pipeline that will tie Askeladd to the Snøhvit field. Support activities for the operations will be based in Hammerfest and other locations. Starting immediately, the work will continue throughout 2019. The installation will be performed in the second half of 2019. Ocean Installer will install two subsea templates in 2019. A 42-km-long umbilical and a 35-km-long monoethylene glycol pipeline, as well as two manifolds, will be installed in 2020.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Statoil investor relations tel +47 51990000 or email irpost@statoil.com.