At 12. December manufacturing commenced from the Snorre Expansion Project within the North Sea. This main Increased Oil Recovery venture will add virtually 200 million barrels of recoverable oil reserves and assist prolong the productive lifetime of the Snorre area via 2040.
The venture was initially scheduled to return on stream within the first quarter of 2021.
The Snorre area partnership consists of Equinor, Petoro, Vår Energi, Idemitsu and Wintershall Dea.
“I’m proud that we have now managed to realize protected start-up of the Snorre Expansion Project forward of schedule in such a difficult yr as 2020. In addition, the venture is ready to be delivered greater than NOK 1 billion under the associated fee estimate within the plan for growth and operation,” says Geir Tungesvik, Equinor’s govt vice chairman for Technology, Projects and Drilling.
The Snorre area has been on stream since 1992. There are substantial sources left within the floor on the Snorre area. In December 2017, Equinor and the Snorre companions submitted a modified plan for growth and operation for the Snorre area to Norwegian authorities. The restoration issue will now be elevated from 46 to 51 p.c, representing vital worth for a area with 2 billion barrels of recoverable oil reserves.
The Hywind Tampen venture, that includes 11 floating wind generators that can provide the Snorre and Gullfaks fields with energy, is predicted to return on stream within the third quarter of 2022. Some 35 p.c of the facility requirement for the 2 fields is predicted to be met utilizing wind energy.
According to the unique PDO, the Snorre area was meant to be closed in 2011-2014, however continues to supply due to the authorities’ consent to increase the sector’s life.
“Life extension represents good useful resource administration. The new volumes dropped at Snorre A assist guarantee exercise offshore and onshore, creating substantial worth for the Norwegian society,” says Arne Sigve Nylund, Equinor’s govt vice chairman for Development and Production Norway.
The investments in Snorre Expansion Project complete NOK 19.5 billion (2020 worth), and the event is worthwhile even at far decrease oil costs than at present. The venture has had substantial spin-off results for the provision trade in Norway, significantly in Eastern Norway and in Rogaland.
After three years of modifications being carried out on a platform on stream, the ultimate preparations to obtain oil from the brand new wells have been carried out throughout a significant turnaround this autumn. The turnaround and work have been carried out with out accidents or severe incidents.
(Source: Equinor – Image: Snorre A platform within the North Sea. (Photo: Bo B Randulff-Even Kleppa / Equinor)
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