On 19 September production started from the Askeladd Vest subsea field in the Barents Sea. The field contributes to continued high and long-term production of liquefied natural gas (LNG) from the processing plant at Melkøya.
Askeladd Vest consists of two wells in a new well template tied back to the Askeladd field, which came on stream in 2022.
"Askeladd Vest is an important step in the development of the Snøhvit field and will help maintain full production at Hammerfest LNG until onshore compression starts as part of the Snøhvit Future project in 2028,” says Grete B. Haaland, Equinor's senior vice president for Exploration and Production North.
Key data points: The growth forecast = 6.2% annually for the next 7 years. Scroll below to get more insights. This market report covers Trends, opportunity and forecast in liquefied natural gas (LNG) infrastructure market to 2031 by type (liquefaction terminal and regasification terminal), application (heavy-duty vehicles, electric power generation, and marine transport), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesAbout 700 people normally work at Melkøya, and overall, plant operations account for 1450 full-time equivalents. Hammerfest LNG is the only plant in Northern Europe producing and exporting liquid natural gas.
The plant produces 6.5 billion standard cubic metres of gas each year. This is the equivalent of about five per cent of Norway’s total gas exports, and about two per cent of the EU's gas needs. Custom-built LNG vessels leave Melkøya every five days, carrying cooled liquid gas from HLNG to the European markets.
Recoverable volumes from Askeladd Vest total about 15 billion standard cubic metres of gas, and the investments amount to just over NOK 3 billion.
"Askeladd Vest is a highly profitable project. The project has received substantial deliveries from the Norwegian supplier industry and has created ripple effects on both the local, regional and national scale. The project was also completed with good HSE results," says Trond Bokn, Equinor's senior vice president for project development.
Askeladd Vest is part of the original plan for a phased development and operation of the Snøhvit field. The distance from Askeladd Vest to the production facility on Melkøya is 195 kilometres.
Partnership: Equinor Energy AS 36.79% (operator), Petoro AS 30.00%, TotalEnergies EP Norge18.40%, Vår Energi ASA 12.00% and Harbour Energy Norge AS 2.81%.
