Statoil reports that its Gullfaks gas compression project is now in operation in the North Sea. Statoil ASA reported Monday that it has started operating its second gas compression system at the Gullfaks area in the Norwegian North Sea. This latest project follows on from Statoil putting the world’s first subsea gas compression plant online at the Åsgard field in the Norwegian Sea in mid-September. Gullfaks subsea gas compression will increase recovery from the Gullfaks South Brent reservoir by approximately 22 million barrels of oil equivalent. Compression is a way to get fields to produce more oil or gas for longer as the natural pressure in a reservoir drops. Until now compression plants have been installed on platforms or onshore, but this new facility is under almost 1,000 feet of water. In addition to improving recovery Statoil’s models show that subsea gas compression will be more energy efficient than […]