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ORMEN LANGE LICENSE PARTICIPANTS SELECT 'SUBSEA TO LAND CONCEPT' FOR THE ORMEN LANGE DEEPWATER GAS PROJECT OFF MID-NORWAY.
This decision, supported by all partners, is based on an overall assessment of the Environmental, Technical, Safety, Social and Economic issues. Production start for Ormen Lange is planned to be in October 2007 based on the Plan for Development and Operation (PDO) which will be submitted during 2003, and construction commencing in 2004. Development of Ormen Lange also requires construction of the largest pipeline on the Norwegian Continental Shelf. The total Ormen Lange investment, both field development and transportation pipelines, is estimated to be approximately 55 BNOK fixed 2002 money. Gas production is scheduled to continue for 30 to 40 years and during the peak production period, the field is expected to produce as a minimum 20 Bm3 per year, which is about 20% of the expected total Norwegian gas production in 2010. The onshore plant will create about 100 full time employment opportunities throughout the operations phase. Ormen Lange Development Studies have been ongoing since early 2000, and all possible development options (including offshore processing) have been thoroughly evaluated. The Operator, Norsk Hydro ASA, originally presented its Concept Selection recommendation to the License Partners on September 26th, 2002. Since then, the Partners have endorsed the Operator's recommendation which has been confirmed to be based on a total assessment of environment, safety, social and economic issues. The Ormen Lange field is the largest undeveloped gas field on the Norwegian Continental Shelf. The field is located 100 km northwest of the Møre and Romsdal coast, and at a water depth of some 1000 meters. The estimated gas reserves are 375 billion m3 of dry gas and 22 Mm3 of condensate.
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