The Initial Production Strategy

The Volve Oilfield was planned to have a life of about 7 years before attaining an economic limit of 2100 m3/d (13,209 STB/d) oil based on a benchmark oil price of $18.7/barrel. Three production wells, three water injection wells, and production facilities from the Sleipner field were to be used to drain 11.4 Million (71.706 MMSTB) of oil reserves. ...  (Read more)