Based on production history, the Snøhvit field can produce more gas from the reservoirs than previously assumed, resulting in an increase in recoverable reserves of 20 billion cubic meters [Bcm] (706 billion cubic feet {Bcf}) to 210 Bcm (7.4 trillion cubic feet [Tcf]), according to Statoil and its partners. 

The adjustment corresponds to an increase of 125 million barrels of oil equivalent in relation to the resource estimate that was prepared in the plan for development and operation (PDO).

When the PDO was submitted, the recoverable resources were estimated at 190 Bcm of natural gas (6.7 Tcf) and 18 million cubic meters (113 million barrels) of condensate.

The Snøhvit owners also started assessing whether and potentially how the total gas export from the Barents Sea can be increased. Such expansion will either take place through increased LNG production capacity or through an export pipeline.

A decision regarding the concept for such an increase is planned for the second quarter 2012. An investment decision for potential LNG capacity expansion is thus expected in 2013.

The partners in Snøhvit are Statoil, operator (36.79%), Petoro (30%), Total E&P Norge (18.4%), GDF Suez E&P Norge (12%), and RWE Dea Norge (2.81%).