German independent Wintershall won operatorship Tuesday of the Vega gas and condensate field in the North Sea from Norway’s Statoil.
Vega is located at block 35/8 in the Norwegian North Sea in water depths ranging from 1,213 feet to 1, 246 feet.
The field has been developed with three seabed templates, sending gas and condensate to the nearby Gjøa platform.
The discoveries are divided between the licences PL248 Vega, containing Vega North and Vega Central, and PL090C Vega South.
The field currently produces over 60,000 barrels of oil equivalent per day and has estimated recoverable reserves of 18 billion standard cubic meters of gas and 26 million barrels of condensate.
Peak production is expected to hit 7 million cubic meters of gas and 25,000 barrels of condensate per day.
Vega is the first Norwegian subsea tie-in field to be operated by Wintershall.
Wintershall will now hold a 55.6 operating interest in the field.
Norway’s Petoro holds a 28.3 percent working interest, Germany-based Baynergas holds a 7.3 percent interest, France-based GDF Suez holds a 4.4 interest and Japan-based Idemitsu holds a 4.4 percent interest.
“Becoming the operator of Vega means that we are building up our expertise as a subsea operator on the Norwegian Continental Shelf. Subsea fields are already a vital part of the oil and gas infrastructure in Norway and we believe they will grow in importance,” Wintershall Norge managing director Bernd Schrimpf said.