With this project, Equinor and its partners expect to increase production by 26 million barrels of oil equivalents from Statfjord Øst.
The project is completed with sound safety results and is expected to deliver within estimated cost, despite the inflation and weakened Norwegian krone. Production starts six months ahead of schedule.
“This proves the importance of extending the life of mature fields and maximising value creation from existing infrastructure on the Norwegian continental shelf (NCS). The project contributes to extending the life of Statfjord C to 2040. The profitability is high, and the value of increased production equals around NOK 20 billion at the current oil price. This is good use of resources which provide ripple effects for Norwegian suppliers,” says Camilla Salthe, Equinor’s Senior Vice President for Field Life Extension (FLX).
Two new wells have been drilled from existing subsea templates, and three additional wells are to be drilled. Statfjord Øst is tied to the Statfjord C platform, and the project includes a modification on Statfjord C and laying of a new pipeline for gas lift to the subsea wells.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/25082023/equinor-begins-increasing-production-at-statfjord-st/
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