Equinor Says Production at North Sea Breidablikk Field Has Started
October 20 2023 - 4:42AM
Dow Jones News
By Dominic Chopping
Equinor said production at the Breidablikk field in the North
Sea started Friday, four months ahead of schedule and within
budget.
The Norwegian energy major said that when the plan for
development and operation was submitted in September 2020,
production from Breidablikk was scheduled to start in the first
half of 2024, with predrilling and completion of five wells.
However, eight wells have already been drilled and the drilling of
additional wells will continue on the field until the end of
2025.
Investments in the project are expected to be just over 21
billion Norwegian kroner ($1.91 billion) and the field holds almost
200 million barrels of recoverable oil.
"At peak, Breidablikk is expected to send up to 55,000-60,000
barrels of oil to the market daily, mainly to Europe," said Kjetil
Hove, Equinor's executive vice president for exploration and
production Norway.
Partners in the field are Equinor as operator with a 39% share,
Var Energi with 34.4%, Petoro with 22.2% and ConocoPhillips with
4.4%.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 20, 2023 04:27 ET (08:27 GMT)
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