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Shell to boost gas recovery from Norway's Ormen Lange field (updated)

UPDATE 1-Shell to boost gas recovery from Norway's Ormen Lange field

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- Shell's SHEL.L Norwegian subsidiary said on Friday it will launch a new well intervention and drilling campaign at Norway's Ormen Lange gas field to help increase recovery.

  • The campaign by Shell and its partners is expected to increase recovery by approximately 3.5 billion standard cubic meters of gas over the life of the field, the company said in a statement

  • "Ormen Lange has been producing for almost 20 years, but there is still room to extract more resources," Shell said

  • First production from the drilling campaign is expected in 2029, it added

  • The Ormen Lange field currently has a capacity to produce 22.9 million cubic metres (mcm)of gas per day, according to Norwegian gas export pipeline operator Gassco

  • Shell holds a 17.8% stake in the field, with other stakes held by Petoro (36.5%), Equinor EQNR.OL (25.3%), Orlen Upstream Norway PKN.WA (14%) and Vaar Energi VAR.OL (6.3%)


(Reporting by Terje Solsvik, editing by Nora Buli)

((terje.solsvik@thomsonreuters.com; +47 918 666 70;))

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