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The plan for the expansion of the Snorre field in the North Sea is approved. Investments are expected to exceed NOK 19 billion, and the field can have a lifespan of 2040.
Underwater development is the largest recovery project on the Norwegian continental shelf today. The SEP includes the installation of six wells with 24 wells attached to the platform Snorre A.
Equinor submitted the development plan of Snorre Expansion – also known as Snorre 2040 before Christmas l & 39; last year – more than ten years after the submission of the development plan.
25 years of extra life
– I am very pleased to be able to approve Snorre's expansion development plan today. The project is an investment that contributes 25 more years of production to Snorre and will contribute to the community for a long time, says Minister of Petroleum and Energy Terje Søviknes (Frp)
The Snorrefelt is located in the Tampen area in the northern part of the North Sea, about 150 kilometers west of Florø. At the start of production in 1992, the expected lifespan was estimated between 2011 and 2014. It is now estimated that the field will be profitable until 2040.
Thousands of man-years in the project
Equinor Energy is an operator and has a 33.3% share in the Snorre unit. The others are Petoro (30%), ExxonMobil Exploration and Production Norway (17.4%), Idemitsu Petroleum Norway (9.6%), DEA Norway (8.6%) and Point Resources (1.1%). 19659009] Equinor estimated that a large part of the contracts will go to Norwegian suppliers
"The national effects on the employment of development are estimated at about 23,000 man-years in the project phase", according to the communiqué from the Ministry of Petroleum and Energy.
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