Knarr field produces first oil for BG Group

Knarr field produces first oil for BG Group

Oslo: BG Group has said today that Teekay FPSO Petrojarl Knarr has started production from the Knarr oil field in the North Sea, off Norway.

The FPSO, which was built at Samsung Heavy Industries, is moored around 120km off the Norwegian coast and has a production capacity of 63,000 barrels of oil equivalent per day. Storage capacity is 800,000 barrels.

Petrojarl Knarr is on a 6-year charter contract to BG, with extension options, and is supported by Teekay shuttle tankers handling the offloading operations.

The Knarr field has estimated gross recoverable reserves of around 80 million barrels of oil equivalent with a production life of over ten ten years. BG Group operates the field and has a working interest of 45%, partnering with Idemitsu Petroleum Norge, Wintershall Norge and DEA Norge.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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