The North Sea’s Gina Krog is a prime example of why mature basins should be explored, according to Statoil.
Gina Krog was originally considered a minor gas discovery just north of Sleipner when it was discovered in 1974.
When oil and gas were proven in the neighbouring structure Gina Krog Øst in 2007, the Gina Krog landscape was reviewed again. Further delineation during the period 2008 to 2011 determined contact between Gina Krog and Gina Krog Øst and confirmed substantial volumes of oil under the entire structure.
A Statoil spokesperson said: “The development of Gina Krog illustrates the importance of exploring and developing in mature areas with established infrastructure. It will be among our larger new developments with an estimated 225 million barrels of oil and gas, and help extend the lifetime and exploit available capacity on nearby Sleipner for many years to come.”
Gina Krog, which came on stream this week, will produce for the next 20 years.
Watch the video to find out more.