Equinor ASA mentioned Monday it had made an oil discovery close to the Snorre discipline, on Norway’s facet of the North Sea, that might be quickly developed as a tieback to present infrastructure within the space.
The Norwegian majority state-owned vitality main put the preliminary estimate for Omega South Alpha, or properly 34/4-19 S, at 25-89 million oil-equivalent barrels.
The properly, in manufacturing license 057 (PL 057), sits 1.6 kilometers (0.99 miles) east of the Snorre discipline in waters 381 meters (1,250) deep, in keeping with Equinor. It was drilled by Odfjell Drilling Ltd’s Deepsea Atlantic rig.
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“The brand new discovery can be tied again shortly to present subsea amenities and produced by way of the Snorre A platform”, Erik Gustav Kirkemo, Equinor senior vp for the Southern Space in Exploration and Manufacturing Norway, mentioned in an organization assertion.
“Close to-field exploration is essential for extending the lifetime of fields already in operation. Since a lot of the infrastructure has already been paid off, these are aggressive barrels”.
Kirkemo added, “Equinor’s ambition is to take care of roughly the identical manufacturing degree in 2035 as in 2020. This corresponds to round 1.2 million barrels of oil and gasoline per day from the Norwegian continental shelf. About 70 p.c of it will come from new wells and developments, and we plan to drill 250 exploration wells, most of them close to present fields”.
Equinor mentioned Omega South Alpha could be a pilot for a sooner and extra cost-efficient improvement of subsea fields on the Norwegian continental shelf.
“What’s new is that we are actually planning the sphere improvement previous to discovery”, mentioned Trond Bokn, Equinor senior vp for challenge improvement. “This makes it doable to deliver new discoveries into manufacturing in simply two to 3 years.
“The exploration properly was drilled by way of a basis. The partnership plans to reuse each this basis and components of the exploration properly within the discipline improvement, which reduces prices and allows a sooner start-up”.
Equinor famous manufacturing from the Nordic nation’s present fields is declining. To help Norway’s function within the vitality safety of Europe, the place it accounts for 20 p.c of gasoline demand, the nation ought to “enhance exploration exercise and speed up the event of recent discoveries that may be tied again to present fields”, Equinor mentioned.
Snorre was found 1979 and put into manufacturing 1992. It has remaining reserves of 74.6 million cubic meters of oil equal, in keeping with authorities web site Norskpetroleum.no.
Equinor operates PL 057 with a 31 p.c stake by way of Equinor Vitality AS. Petoro AS, additionally owned by the Norwegian authorities, holds 30 p.c. Harbour Vitality Norge AS has 24.5 p.c, INPEX Idemitsu Norge AS 9.6 p.c and Vår Energi ASA 4.9 p.c.
To contact the creator, electronic mail jov.onsat@rigzone.com
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