EnergyWatch

Equinor approved to extend production in Norwegian field

The Norwegian Petroleum Directorate has approved Equinor's application to prolong the technical lifetime of a Norwegian Sea facility which delivered more than 10 million cubic meters of gas in 2017. The original technical lifetime was based on 20-year period of operation expiring in 2019.

Photo: Elin A. Isaksen - Statoil

Norway's Equinor will continue its activities at the Åsgard A facility ahead to 2027, 12 years longer than the original technical lifetime.

The Norwegian Petroleum Directorate has announced that it approved the application from state-owned Equinor to extend its permit.

The Åsgard A plant is located in the Norwegian sea and is described as especially important for the continuing production in Smørbukk and Smørbukk Sør, where gas injection wells and gas production wells are currently being installed.

In 2017, 10.2 million cubic meters of gas were delivered from the field, 2.4 cubic meters of oil and 3.4 cubic meters of natural gas liquids (NGL).

There are also expectations that the extension will lead to new drilling targets and wells connected with Åsgard A and which will benefit the recovery.

The facility's technical lifetime was based on 20 years of operation expiring in 2019.

The Norwegian Petroleum Directorate says Equinor owns a 34.57 percent share in the Åsgard field.

English Edit: Lena Rutkowski

Oil investments rapidly approaching peak level from 2013

Total involved in oil find in UK's North Sea 

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs