Yme Field

Yme Field

Yme is an oil field in the Egersund basin area in the central part of the North Sea. It is located 160 kilometres (99 mi) northeast of the Ekofisk oil field. The water depth is 93 metres (305 ft). The field was discovered in 1987 and was developed by Statoil with production from 1996 to 2001. In 2001 low oil prices led to the abandonment of the field. After the production license was relinquished by Statoil, a new license group led by Talisman Energy was formed to redevelop the field. In 2007 Talisman were granted permission to redevelop the field, this marked the first time that a previously abandoned Norwegian oil field has been restarted.

Read more about Yme Field:  Original Development By Statoil, Redevelopment By Talisman Energy, Crude Oil Quality

Famous quotes containing the word field:

    “I learn immediately from any speaker how much he has already lived, through the poverty or the splendor of his speech. Life lies behind us as the quarry from whence we get tiles and copestones for the masonry of today. This is the way to learn grammar. Colleges and books only copy the language which the field and the work-yard made.”
    —Ralph Waldo Emerson (1803–1882)