WINTERSHALL BRINGS MARIA FIELD ONSTREAM

December 18, 2017

BASF subsidiary Wintershall, and its licence partners Petoro and Spirit Energy, have started production at the Maria field one year ahead of schedule. Costs have been reduced by more than 20% compared to plan. Oil production has now begun, whereas originally start-up was intended for the fourth quarter of 2018. At an expected final investment cost of around 12 billion NOK, the project will stay more than 3 billion NOK below the original budget. Maria is the first own-operated field in Norway, which Wintershall takes all the way from exploration, through development and to production. Following a solid growth course on the Norwegian Continental Shelf, Wintershall Norge has increased its daily production from 3,000 boepd (barrel of oil equivalent per day) in 2009 to around 100,000 boepd today.
The subsea Maria field in the Haltenbanken area of the Norwegian Sea is connected via subsea tiebacks to the Statoil-operated Kristin, Heidrun and Asgard B production platforms, making it one of the most complex underwater projects in the world. By tying into local infrastructure and with a planned 25-year life span, Maria could also help prolong the production horizon of surrounding fields.
The Maria field is located approximately 20 kilometers east of the Kristin field and about 45 kilometers south of the Heidrun field. Wintershall Norge is the operator of the license with a 50% share. Petoro has a 30% share and Spirit Energy owns the remaining 20%. Recoverable reserves of the field are estimated around 180 million barrels of oil equivalent, of which the majority is oil. (Source: Wintershall)