Go for new Troll plan
Norway’s Energy Minister Terje Riis-Johansen has finally given the green light to StatoilHydro’s Troll extension project with a spend of around NOK 5.7 Bn (US $878 million) which will extend the life of the field by extracting more oil and gas.
Modifications to two of the field’s platforms, will be carried out under the development plan approved by the government which will see a new gas injection programme begin on Troll B and the installation of a third unit handling gas from Troll A exporting to the Kollsnes gas treatment plant just west of Bergen.
Oil and energy minister Terje Riis-Johansen billed it as a development which will contribute to the country’s economy and create new jobs, saying in the announcement of the approval on Friday: “Troll project helps to get more out of the resources on the field and will increase the lifetime of the field.”
StatoilHydro operates the field, partnered by Total, Petoro, ConocoPhillips, and Norske Shell.