Statoil makes gas find near Aasta Hansteen field

Atlantic Petroleum P/F

13/04/2015 08:08

OSLO, April 13 (Reuters) - Energy firm Statoil  STL.OL  made 
another gas find near its Aasta Hansteen field in the Norwegian 
Arctic, further raising the gas resource in one of its biggest 
ongoing projects, it said on Monday. 
    Statoil found between 2 and 7 billion cubic metres of gas 
and together with a discovery announced earlier this year, it 
has increased the field's resource by about a quarter, it said 
in a statement. 
    Aasta Hansteen, earlier thought to contain about 47 billion 
cubic metres of gas, is expected to start up in 2017, pumping 
gas through a new 480-kilometre pipeline. 
    The field was earlier estimated to cost 32 billion Norwegian 
crowns ($4 billion) while the Polarled pipeline was expected to 
cost 25 billion crowns. 
    Partners in the new discovery include Statoil (42.5 
percent), Centrica  CNA.L  (20 percent), Norwegian state holding 
firm Petoro (20 percent), BASF  BASFn.DE  subsidiary Wintershall 
(10 percent) and Atlantic Petroleum  ATLA.CO  (7.5 percent). 
    $1=8.10 Norwegian crown 
 
 (Reporting by Balazs Koranyi, editing by Louise Heavens) 
 ((Balazs.Koranyi@thomsonreuters.com;)) 
 
Keywords: STATOIL DISCOVERY/