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22 July 2010

Marulk approved by the authorities

PRESS RELEASE: The Plan for Development and Operation of the Eni-operated Marulk field has today been approved by the Ministry of Petroleum and Energy. The total investment of the project is 4 Billion NOK and planned production start-up the second quarter of 2012.

The Ministry of Petroleum and Energy has approved the Plan for Development and Operation to the Marulk field in the Norwegian Sea, operated by Eni Norge in partnership with Statoil and Dong Energy.

This is an important milestone for Eni Norge since Marulk will be the first Eni Norge operated field to come on stream on the Norwegian Continental Shelf (NCS).

The total investment of the project is 4 Billion NOK. The planned production start-up of the Marulk field is second quarter of 2012.

Marulk will utilise existing infrastructure and thereby contribute to increase production via the Statoil operated Norne FPSO, providing good resource management and maintaining the investment level on the NCS.

The operation of Marulk will be coordinated with the Statoil’s operation of Norne and as such many of the deliveries will take place within the current framework contracts.

Eni Norge AS is the operator of Marulk with 20% ownership share, while Statoil ASA and DONG E&P Norge AS have 50% and 30% ownership shares respectively.

Marulk is a typical satellite development, tied back to the floating production, storage and offloading facility on Norne (Norne FPSO). The field is located in the Norwegian Sea approximately 30 kilometres southwest of the Norne field at a water depth of 365m. Marulk is a gas/condensate field, where production will be from two wells. Recoverable reserves are estimated to be 73 Mboe.

As operator of the Production License 122 Eni Norge has the overall responsibility for the Marulk project activities. Statoil will on behalf of the Operator carry out the Marulk development subsea work from and including the subsea template, ready for wellhead system installation, to the tie-in point at the Norne FPSO.

Eni Norge is part of Eni the Italian major integrated energy company with activities in more then 70 countries.

Contact person in Eni Norge AS:
Andreas Wulff
Phone: +47 52 87 49 68
Mobile: + 47 926 16 759