The plan for development and operation (PDO) of the Breidablikk field in the North Sea has been approved by Norwegian authorities. Field investments are approximately NOK 18.6 billion. Production from the field is scheduled to start in the first half of 2024.
Equinor and its partners Petoro, Vår Energi and ConocoPhillips Skandinavia, submitted the development plans for the area to the authorities in September 2020. Estimated recovery from the field is around 200 million barrels of oil.
“We are very pleased that the authorities have approved the development plans for the Breidablikk field. The development of one of the largest undeveloped oil discoveries on the Norwegian continental shelf (NCS) will create substantial value for Norwegian society and the owners, while securing high activity and jobs for many years ahead,” says Arne Sigve Nylund, Equinor’s executive vice president for Projects, Drilling and Procurement.
Forecasts by Technology (Jackside & Topside Removal, Well Intervention Vessels and Systems, Cutting and Severing, Heavy Lift Technologies), by Structure (CT), Caissons, Mobile Offshore Production Units (MOPU), Well Protectors (WP), Subsea Templates (SSTMP)), by SSLNG Storage (Single Containment Tanks, Membrane Tanks, In-ground Tanks), by Technique (Well Plugging and Abandonment, Subsea Structure Decommissioning), by Removal (Partial Removal, Toppled in Place, Complete Removal), by Services (Project Management & Compliance, Materials Disposal, Site Clearance, Conductor & Power Cable Removal, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Decommissioning Companies AND COVID-19 Recovery ScenariosDownload free sample pages
70% of the value creation in the development phase goes to Norwegian companies, and contracts totalling NOK 8 billion have already been awarded to companies in Norway.
The Breidablikk development will include a subsea solution of 23 oil producing wells from four subsea templates. The field will be tied back to the Grane platform for processing before the oil is piped to the Sture terminal. The production will be monitored by high-tech digital tools from Equinor’s integrated operations centre at Sandsli, securing high value creation from the wells.
“There are still large resources left in the ground and we have a world-class infrastructure on the NCS. The Breidablikk development shows how a competent Norwegian petroleum industry keeps developing innovative, cost-effective and future-oriented solutions with good social economy,” says Kjetil Hove, Equinor’s executive vice president for Exploration and Production Norway.
The Breidablikk field development will include a separate cable for the supply of electric power and fiber optic communication from the Grane platform. This is a relatively new technology that can reduce the costs associated with any further development of the field, in addition to facilitating the use of docking stations for subsea drones on the seabed.
Breidablikk will be phased in during a period of falling oil production from Grane and will therefore help maintain the platform activity level. The project has started the modification work on the Grane platform.
Competitive Norwegian supplier industry
Date: Jun 29, 2021
Share this news: