The decision, which was taken in agreement with partners in the Troll license, will see $122 million (NOK 1 billion) be spent on a new gas module on the Troll C platform. This will help to increase oil oil rig flanges gulf coast production and gas exports from the Fram field and provide conditions for further development in the area.

"Statoil is pleased that we, together with the partners, have made an investment decision for this strategically important project," said Siv Irene Skadsem, vice president of tie-back and brownfield projects at Statoil, in a BOP Blow Out Preventer repair company gulf coast statement.

"By using standardized solutions and equipment, in addition to focusing on making this a maximum lean project, and working closely with Statoil’s operations and suppliers, we have come up with a very cost-efficient and profitable gas module," Skadsem added.

Gunnar Nakken, Statoil’s senior vice president for Operations West, said the new gas module at Troll C would accelerate oil rig flanges gulf coast production from Fram by "considerable and profitable volumes."

"Consequently, we will be able to mature more wells and explore for new resources in the Fram Area, which all together will make it possible to extend the economic life time for the field," Nakken said in a Statoil statement.