
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
Ovintiv Closes $2B Uinta Sale to FourPoint Resources
2025-01-22 - Ovintiv is exiting Utah’s Uinta Basin in a $2 billion sale to FourPoint Resources, which will take over some of the play’s highest quality acreage.
Shale Outlook Uinta: Horizontal Boom to Continue in 2025
2025-01-11 - After two large-scale transactions by SM Energy and Ovintiv, the Uinta Basin is ready for development—and stacked pay exploration.
More Uinta, Green River Gas Needed as Western US Demand Grows
2025-01-22 - Natural gas demand in the western U.S. market is rising, risking supply shortages later this decade. Experts say gas from the Uinta and Green River basins will make up some of the shortfall.
Shale Consolidation Aftermath: The Field Narrows
2025-01-13 - Widespread consolidation has reshaped the list of top public producers, says Enverus CEO Manuj Nikhanj.
PRB’s Sage Butte Ready for M&A Across Lower 48, Maybe Canada Too
2025-01-08 - Private E&P Sage Butte Energy, which operates in the Powder River Basin, is less interested in the Permian Basin, citing the cost of entry.