Snorre Expansion Project Now in Production
At 12 December production commenced from the Snorre Expansion Project in the North Sea. This major Increased Oil Recovery project will add almost 200 million barrels of recoverable oil reserves and help extend the productive life of the Snorre field through 2040.
The project was originally scheduled to come on stream in the first quarter of 2021.
The Snorre field partnership consists of Equinor, Petoro, Vår Energi, Idemitsu and Wintershall Dea.
“I am proud that we have managed to achieve safe start-up of the Snorre Expansion Project ahead of schedule in such a challenging year as 2020. In addition, the project is set to be delivered more than NOK 1 billion below the cost estimate in the plan for development and operation (PDO),” says Geir Tungesvik, Equinor’s executive vice president for Technology, Projects and Drilling.
The Snorre field has been on stream since 1992. There are substantial resources left in the ground on the Snorre field. In December 2017, Equinor and the Snorre partners submitted a modified plan for development and operation (PDO) for the Snorre field to Norwegian authorities. The recovery factor will now be increased from 46 to 51 percent, representing significant value for a field with 2 billion barrels of recoverable oil reserves.
