BG Group produces first oil from the Knarr field in Norway
BG Group announced the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel has started production from the Knarr oil field in the North Sea, offshore Norway. The FPSO has been leased from Teekay Corporation and is moored approximately 120 km off the Norwegian coast. It has a production capacity of 63, 000 BOEPD and a storage capacity of 800,000 bbls.
The Knarr field, discovered in 2008, has estimated gross recoverable reserves of around 80 million BOE with a production life of at least 10 years. In 2011 the Knarr field was merged with the Knarr West field into an integrated development. New exploration drilling in the license area is ongoing in order to help extend the production life further.
BG Group is the operator of the field with a 45% working interest. Partners include Idemitsu Petroleum Norge (25%), Wintershall Norge (20%) and DEA Norge AS (10%).