StatoilHydro says Thune field work ups life span
OSLO, May 7 (Reuters) - Norwegian oil and gas group StatoilHydro (STL.OL) said on Wednesday that its Thune field in the North Sea will increase its gas production and extend its life span following a restructuring to low-pressure production.
"The gains from the reconstruction work are estimated at 2.9 billion cubic metres of gas and 300,000 cubic metres of condensate from Tune," StatoilHydro said in a statement.
It said the reconstruction would also have a positive effect on recoverable reserves from Oseberg Delta, which will come on stream in May, and Thune South, due to come on stream in one year.
Without the reconstruction work, Tune production would have been shut down when Oseberg Delta and Tune South came on stream, the group said.
"A relatively limited investment gives us considerable benefits in the future," said Geir Hovland, project manager for StatoilHydro in a statement.
The field has been shut down since April 10 during the replacement of compressor and gas cooler internals and the installation of two new gas meters. (Reporting by Aasa Christine Stoltz; Editing by Quentin Bryar)
