Equinor prolonging life of 20 offshore platforms in Norway

Norwegian oil giant Equinor is planning to extend the life of more than 20 offshore platforms in Norway overall.

The Åsgard A FPSO in the Norwegian Sea. (Photo: Øyvind Hagen / Equinor ASA)
The Åsgard A FPSO in the Norwegian Sea. (Photo: Øyvind Hagen / Equinor ASA)

The company on Thursday said it had received the authorities’ approval for extending the life of eight installations on the Norwegian continental shelf (NCS) during the last three years, and the company now plans to apply for prolonging the life of all older and relevant installations by 2031.

“Field life extension is an excellent way of managing resources, as it creates high value from established fields, where we cooperate with our suppliers on safe operation and lower emissions every single day. It also creates more activity offshore, in line with our ambition of pursuing our profitable and sustainable development of the NCS,” says Arne Sigve Nylund, executive vice president for Development and Production Norway.

Nylund said the offshore platform life extensions help secure thousands of jobs offshore and onshore and considerable revenue to society, owners and suppliers.

“As an example, Gullfaks is currently creating more than 1500 jobs directly on three platforms, in addition to onshore jobs with Equinor and our suppliers and local spinoffs across the country,” says Nylund.

The eight life extensions mentioned earlier involve the following offshore oil and gas platforms: Gullfaks A, B, and C (2036), Oseberg East (2031), Snorre A and B (2040), Norne (2036) and Åsgard A (2030).

In 2018, Gullfaks produced oil and gas at a value of close to NOK 28 billion and investments of NOK 4.7 billion were made, Equinor said.

Equinor has submitted applications for consent to the authorities for further operation of Vigdis, Tordis and Veslefrikk. Applications for life extension of Troll B and Heidrun Subsea are scheduled to be submitted this year, Equinor said.

Apart from prolonging oil & gas platforms’ life for obvious reasons – extended production – Nylund said that they form the basis for innovation relating to carbon capture and storage, floating offshore wind farms and hydrogen.

 

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply