The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) for the Equinor’s Snorre Expansion Project.
Investments of just above NOK 19 billion will increase recovery from the Snorre field by almost 200 million barrels and extend the field life beyond 2040, Equinor said.
Snorre Expansion Project involves a comprehensive subsea development, upgrading of the Snorre A installation, increased gas injection and gas import for injection.
“Equinor has worked closely with partners and suppliers to realize the development. I am pleased that the plan for development and operation has been approved,” said Margareth Øvrum, Equinor’s executive vice president for Technology, Projects and Drilling.
The Snorre field was originally estimated to produce until 2011–2014. Now the field life has been extended beyond 2040, and the recovery rate increases from 46 to 51 per cent.
Scheduled to start production in 2021, the Snorre Expansion Project will be operated and maintained by the existing Snorre organisation in Stavanger. Supplies will still be handled by Fjordbase in Florø.
Subject to final regulatory approval, the partners have awarded contracts for the subsea production system to TechnipFMC, fabrication and installation of the pipeline bundle system to Subsea 7, Snorre A modifications to Aibel, drilling and well operations to Transocean and marine installations to DeepOcean.
“The project will provide jobs in many places along the Norwegian coast and operation of the Snorre field for 25 more years,” said Arne Sigve Nylund, Equinor’s executive vice president for Development and Production Norway.