Gullfaks oil field

Gullfaks is an oil field in the North Sea. The undeveloped field in 1986 was the first oil field, which has been completely developed by Norwegian company. With estimated reserves of 2.3 billion barrels, it is the fourth largest field in the Norwegian sector of the North Sea. The field was discovered in 1979, Statoil began his work in the oil field in 1981 and took over in 1986, the production on the platform Gullfaks C on. Since the conveyor peak of 1995, the annual production decreased to one-tenth of that amount.