Equinor and its companions in Norway’s Statfjord space have recognized and permitted plans to increase manufacturing from the sphere in direction of 2040. A brand new marketing strategy will guarantee even larger use of assets, extract extra worth from the sphere, and permit plans for decommissioning Statfjord A in 2022 to be deferred.

Based on intensive mapping of the underground the remaining potential of the Statfjord space continues to be appreciable.

Equinor and its companions have due to this fact resolved a brand new, bold marketing strategy for the Statfjord major subject and satellite tv for pc fields. Vår Energi, Spirit Energy Norway, Petoro, Idemitsu Petroleum Norway, and Wintershall Dea Norge are companions within the Statfjord space, Equinor is operator.

Statfjord A was scheduled for decommissioning in 2022, nonetheless, the sphere life will now be prolonged to 2027. The lives of Statfjord B and C might be prolonged past 2035, persevering with to create excessive worth from the sphere and securing worthwhile jobs.

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Through 40 years of manufacturing, Statfjord has generated 1600 billion NOK gross revenue to the homeowners and the Norwegian society.

“We have a accountability to society and our homeowners for realizing the total worth potential from our producing fields on the Norwegian continental shelf (NCS). Statfjord is a world-class oil and gasoline subject that has equipped the world with big quantities of vitality. The subject has created excessive worth and been a cornerstone within the improvement of all the Norwegian petroleum trade. It is due to this fact a pleasure to see that we, along with our companions within the space, can prolong the manufacturing interval and proceed the worth creation,” says Arne Sigve Nylund, Executive Vice President for the Norwegian continental shelf in Equinor.

The new plan requires extending Statfjord manufacturing by maturing new reserves for restoration and making obligatory upgrading of the platforms, strongly rising subject exercise.

Around 100 new wells might be drilled in direction of 2030. The wells will assist attain an ambition of sustaining the present manufacturing stage from Statfjord past 2025. This would require appreciable investments and upgrading of the three platforms.

While new wells and prolonged manufacturing will improve income, Equinor wil proceed to enhance operations to maintain prices at a low stage. In order to strengthen the Statfjord subject the operations might be reorganized and a brand new late life unit might be established in Equinor.

The new unit will develop new methods of working for secure and environment friendly operation with low carbon emissions from late life fields on the NCS. The new unit might be central in securing optimum restoration of assets from Equinor’s oil and gasoline fields on the NCS.

The new late life unit can even have accountability for the decommissioning tasks for the Veslefrikk and Heimdal installations.

In getting ready the brand new late life unit and a brand new marketing strategy for Statfjord the administration of Equinor has cooperated with all 5 commerce unions within the firm: Industri Energi, SAFE, NITO, Tekna and Lederne.

“I’m talking on behalf of all of the commerce unions in Equinor once I say that we’re happy about Statfjord operations being prolonged for a few years, resulting in larger employment and extra worth creation – it’s really an journey,” says Bjørn Asle Teige, worker consultant and chief of SAFE in Equinor.

“We have had each good and demanding discussions on this mission, particularly on the operational reorganization. Our requirement is that security is given prime precedence,” continues Teige.

“Jobs on the NCS are extremely worthwhile and vital to Norway, so it is a good determination for us,” says Per Martin Labråthen, worker consultant and chief of Industri Energi in Equinor.

“It is nice social economics to make the most of the NCS infrastructure we’ve invested in, to make optimum use of the Norwegian neighborhood’s assets. This is one thing our folks on the NCS deal with each single day. However, we should meet the local weather problem and work even tougher to scale back emissions from our manufacturing. This might be extra…

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