
The Snorre A platform in the North Sea. (Source: Bo B Randulff - Even Kleppa - Woldcam / Equinor ASA)
Equinor ASA has started production from its Snorre oilfield expansion project ahead of time and below budget, the Norwegian energy major said on Dec. 14.
The project aiming to add almost 200 million barrels of recoverable oil reserves from the North Sea field was originally scheduled to come on stream in the first quarter of 2021.
Investments in the Snorre Expansion Project, designed to extend the field's lifetime through 2040, amount to 19.5 billion Norwegian crowns (US$2.24 billion), approximately 1 billion crowns less than originally planned, the company said.
Equinor's partners in the field are Petoro AS, Eni SpA's subsidiary Vaar Energi AS, Idemitsu Kosan Co. Ltd. and Wintershall Dea GmbH. (US$1 = 8.7114 Norwegian crowns)
Recommended Reading
Delivering Dividends Through Digital Technology
2024-12-30 - Increasing automation is creating a step change across the oil and gas life cycle.
E&P Highlights: Feb. 18, 2025
2025-02-18 - Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
E&P Highlights: Feb. 24, 2025
2025-02-24 - Here’s a roundup of the latest E&P headlines, from a sale of assets in the Gulf of Mexico to new production in the Bohai Sea.
E&P Highlights: Feb. 10, 2025
2025-02-10 - Here’s a roundup of the latest E&P headlines, from a Beetaloo well stimulated in Australia to new oil production in China.
E&P Highlights: Feb. 3, 2025
2025-02-03 - Here’s a roundup of the latest E&P headlines, from a forecast of rising global land rig activity to new contracts.