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Equinor to extend life of eight NCS installations

Gasoil News - Published on Mon, 18 Mar 2019

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Equinor has received the authorities’ approval for extending the life of eight installations on the Norwegian continental shelf during the last three years. Several of these installations were originally scheduled for shutdown already, or in only a few years. Instead, the extensions will give many more years of operation on the NCS.

Mr Arne Sigve Nylund, executive vice president for Development and Production Norway, said that “Field life extension is an excellent way of managing resources, as it creates high value from established fields, where we cooperate with our suppliers on safe operation and lower emissions every single day. It also creates more activity offshore, in line with our ambition of pursuing our profitable and sustainable development of the NCS.”

The eight life extensions involve Gullfaks A, B and C (2036), Oseberg East (2031), Snorre A and B (2040), Norne (2036) and Åsgard A (2030).

Mr Nylund said that “It helps secure thousands of jobs offshore and onshore and considerable revenue to society, owners and suppliers. As an example, Gullfaks is currently creating more than 1500 jobs directly on three platforms, in addition to onshore jobs with Equinor and our suppliers and local spinoffs across the country.”

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Posted By : Rabi Wangkhem on Mon, 18 Mar 2019
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