Equinor Pushes to Extend NCS Assets

Thursday, March 14, 2019

Norway's Equinor is on a mission to give new life to more than 20 aging assets on the Norwegian continental shelf (NCS).

Over the course of the last three years, the oil company has received the authorities’ approval for extending the life of eight installations on the NCS that were originally scheduled for shutdown already, or in only a few years, including Gullfaks A, B and C (2036), Oseberg East (2031), Snorre A and B (2040), Norne (2036) and Åsgard A (2030).

Equinor said it plans to extend the life of more than 20 NCS installations in total, and expects to apply for extending the life of all older and relevant installations by 2031.

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

“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,” said Arne Sigve Nylund, executive vice president for Development and Production Norway.

“It helps secure thousands of jobs offshore and onshore and considerable revenue to society, owners and suppliers. As an example, Gullfaks is currently creating more than 1,500 jobs directly on three platforms, in addition to onshore jobs with Equinor and our suppliers and local spinoffs across the country,” Nylund said.

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.

“Safe and efficient operation of our fields also form the basis for innovation relating to carbon capture and storage, floating offshore wind farms and hydrogen,” Nylund said.

At this year’s capital markets update Equinor presented plans that will lead to record production from its operated NCS installations in 2025. It said continuous focus on extending the life of our fields is one of the reasons for the company’s record production.

Installation
Original lifetime
New lifetime
Years of extension
Gullfaks A
2016203620
Gullfaks B
2017203619
Gullfaks C
2019203617
Oseberg East 
2018203113
Snorre A
2022204018
Snorre B
2021204019
Norne2020203616
Åsgard A
2018203012


Categories: Engineering Europe Production Regulations

Related Stories

Majors Press Mexico to Resume Oil Auctions

New 'Rig Baby' Takes Shape

Zentech, WW Industries Partner

Bowleven Pushes Ahead With Etinde Despite Losses

China to Launch State Pipeline Group

Timeline: Saudi Aramco's Winding Road to IPO

SBM Orders Two More Fast4Ward Hulls

Santos Lifts 2025 Production Forecast

Fugro Completes Deepwater AUV Survey for Shell

Petrobras CEO Says Too Early to Make Carbon Commitment

Current News

Relieving the Pressure of Subsea P&A Activity

DeepOcean Wins IMR Work from Equnior

Zentech, WW Industries Partner

Saudi Aramco Sets Record $25.6 Bln IPO

Timeline: Saudi Aramco's Winding Road to IPO

Petrobras CEO Says Too Early to Make Carbon Commitment

Cyprus Petitions The Hague to Safeguard Offshore Rights

Majors Press Mexico to Resume Oil Auctions

VOS Champion Starts New Charter

Fugro Completes Deepwater AUV Survey for Shell

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week