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CNNMoney.com: Shell: Ormen Lange To Return To Full Capacity Later Friday

December 07, 2007: 04:15 AM EST

OSLO -(Dow Jones)- Norwegian gas field Ormen Lange started back up during the night, and will ramp up to full capacity during the course of Friday, a spokeswoman for operator Royal Dutch Shell (RDSA) said.

The field was out of action for a week for repairs and testing after leakages were detected at the export compressors at onshore processing plant in Nyhmana Nov. 30

Shell spokeswoman Lillian Aasheim said: “It started again last night and we will be in full production during the day.”

The field currently has three wells in operation, each with a maximum capacity of 10 million cubic meters a day. Gas flows through the northern spur of the Langeled pipeline to Sleipner gas processing hub in the North Sea and on from there to either European gas markets or to the U.K. through the southern leg of Langeled.

Shell took over the operatorship of Ormen Lange Dec. 1 from StatoilHydro ASA ( STO), which has a near 30% stake in the field. Shell owns 17% of the field, Petoro 36%, Denmark’s DONG 10% and ExxonMobil (XOM) 7%.

Company Web site: http://www.shell.com

-By Elizabeth Cowley, Dow Jones Newswires; +47 99 55 86 01; [email protected] dowjones.com
  (END) Dow Jones Newswires
  12-07-07 0415ET
  Copyright (c) 2007 Dow Jones & Company, Inc.

http://money.cnn.com/news/newsfeeds/articles/djf500/200712070415DOWJONESDJONLINE000301_FORTUNE5.htm

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