The Oil Bloc
Your first choice for oil industry news

- Advertisement -

Equinor starts production from North Sea’s expansion project

0

Equinor has embarked on an expansion project estimated to add nearly 200 million barrels of recoverable oil reserves extending the production life of the field until 2040.

The oil giant disclosed it began production from the Snorre expansion project in the Norwegian part of the North Sea.

The costs associated with the Snorre expansion project are valued at Nkr19bn ($2.15bn).

The expansion project was originally scheduled to become operational in the first quarter of next year.

Equinor Technology, Projects and Drilling executive vice-president Geir Tungesvik said: “I am proud that we have managed to achieve safe start-up of the Snorre Expansion Project ahead of schedule in such a challenging year as 2020.

“In addition, the project is set to be delivered more than Nkr1bn below the cost estimate in the plan for development and operation (PDO).”

Snorre is an oil and gas field in the Tampen area in the southern part of the Norwegian Sea. It was discovered in 1979 and has been producing since August 1992.

 

You might also like

Leave A Reply

Your email address will not be published.

Translate »
Share via
Copy link
Powered by Social Snap