Wintershall submitted PDO for Maria field in Norwegian Sea
Maria field will become Wintershall’s first operated discovery brought to production in Norway / Cost efficient multi-host solution to utilize existing infrastructure in the Norwegian Sea / Planned production start-up end 2018. Another landmark for Wintershall in Norway: The largest internationally active German crude oil and natural gas producer and its partners have today submitted a Plan for Development and Operation (PDO) for the Maria field in the Norwegian Sea to the Norwegian Ministry of Petroleum and Energy. This is the first time Wintershall, as operator of the field, has submitted a PDO for a Norwegian development. Today, Martin Bachmann, Member of the Board of Executive Directors of Wintershall, handed the document to the Norwegian Minister Tord Lien, the Company said in a press release.
The planned development solution for the Maria field involves two subsea templates located on the ocean floor tied back to several host platforms in the area. “By applying this innovative and cost-effective solution we make the development and production of the field possible – even in a challenging oil price environment. We are continuing to invest in profitable projects in our core business and core areas”, said Bachmann.
Investments in the Maria development are estimated at around 15.3 billion NOK (100%), including development drilling. Recoverable reserves on the field are estimated around 180 million barrels of oil equivalent (boe), of which the majority is oil. The planned production startup for Maria is end 2018, and the estimated production period is 23 years.
The Maria field is located approximately 20 kilometres east of the Kristin field and about 45 kilometres south of the Heidrun field in the Halten Terrace in the Norwegian Sea. Wintershall Norge is the operator of the license with a 50% share. Petoro has a 30% share and Centrica Resources (Norge) owns the remaining 20%.
