Production recently started up at the Ringhorne East field from the first of 4 planned wells. The daily production is planned to be around 15.000 barrels of oil. All the wells will be drilled through available well slots on the Ringhorne platform.

Ringhorne Øst signifies a new oil and gas development which will extend the production plateau of an area on the Norwegian continental shelf which has a long history of petroleum activities. The field, which is located in block 25/8, around 180 km west of Karmøy, was proven in August 2003. The total development cost is estimated at approx. NOK 1 billion. Production on Ringhorne East is expected to last beyond 2020.

The Ringhorne Øst reservoir contains oil and associated gas, and recoverable reserves are estimated at 47 million barrels of oil. The wellstream is processed at the Ringhorne and Balder facilities utilizing available facility capacity. Only limited modifications have been made to the facilities, primarily for the purpose of metering and allocation. The produced gas is exported through Statpipe into the Gassled system via the high pressure gas export line from Balder to Jotun.

The Ringhorne Øst development is located in two licenses – PL169 and PL027 – with the following licensees:

PL169
Norsk Hydro  45%
Petoro  30%
ExxonMobil  13%
Statoil     12%

PL027
ExxonMobil 100%