Alfa Sentral gas and condensate field lies in blocks 15/8 and 16/18a in the central North Sea, approximately 20km west of the Sleipner complex. Field operator Statoil holds a 62% stake, while the other license partners ExxonMobil and Total hold the remaining.

Statoil acquired First Oil’s 24% equity share in the field in October 2015 for approximately $15m. Plans for the field development involve tie-back to the existing infrastructure of Statoil-operated Sleipner field thereby further developing the Sleipner area towards 2030.

The concept for the field development was selected and approved in September 2015. The final investment decision is planned for late 2016. Production from the field is expected to commence in 2020 and estimated to be approximately 500t a day of oil or 500,000m³ a day of gas.

Investment for developing the field was estimated to be Nkr4.7bn ($867.7m) in 2008. The field is expected to produce for roughly seven years.

Tristique Turpis Ltd.

Pipeline system