OREANDA-NEWS. Production in the Norwegian Sea started.

E.ON holds a 28% share of the field. BP is operator.

Production from the Skarv gas and oil field in the Norwegian Sea has successfully started and highlights another important step for E.ON’s upstream business. “The Skarv development is one of the largest in Norway in recent times with E.ON’s share of investments exceeding € 1.7 billion. With more than 120 million barrels in net reserves for E.ON, the Skarv field will contribute significantly to the company’s near-term production growth and implementation of our business strategy,” said Frank Sivertsen, CEO of E.ON Exploration & Production.

The Skarv development includes a new highly advanced FPSO (floating production, storage and offloading vessel) purpose-built for harsh waters, five subsea drilling templates, and a 80 km gas export pipeline connected to the Norwegian (Gasled) transportation system, allowing export to markets in Europe. The Skarv field is located approximately 210 kilometres west of the Norwegian coast in water depths of approximately 400 metres. BP has a 23.835 % interest and is operator. Partners are: Statoil 36.165 %, E.ON Exploration & Production 28.0825 %, PGNiG 11.9175 %.

E.ON Exploration & Production is a growth segment within E.ON and is active in four focus regions: UK, Norway, Russia and North Africa. Production will increase significantly in the coming years as more fields are brought on stream. E.ON Exploration & Production has a growing number of projects in which it is the operator.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.