Name of the Project
Askeladd development.

Location
The project is located in the Snøhvit field in the Barents Sea, in Norway.

Client
Statoil.

Project Description
The development of Askeladd is part two of the multiphased Snøhvit development. 

The development will supply 21-billion cubic metres of gas and two-million cubic metres of condensate to the Hammerfest liquefied natural gas (LNG) plant at Melkøya.

The project will help maintain a plateau production rate at the Hammerfest LNG plant until 2023.

Askeladd will be developed with three wells through two new subsea templates, with space for additional wells in the future. 

In addition, infrastructure will be installed to tie-in the Askeladd development to existing Snøhvit field infrastructure.

Potential Job Creation
Not stated.

Value
NKr5-billion.

Duration
Production is scheduled to come on stream towards the end of 2020.

Latest Developments
None stated.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Statoil investor relations tel +47 51990000 or email irpost@statoil.com.