Norwegian Continental Shelf
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Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025. -
The Norwegian major said it is using artificial intelligence for predictive maintenance throughout its facilities and for interpretation of seismic data from the Norwegian continental shelf.
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The new development is estimated to hold 46 million bbl of recoverable oil and is planned to start up in late 2028.
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Citing a lack of profitability, the Norwegian major has chosen to end its electrification efforts in the Halten and Snorre areas.
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A total of 20 companies submitted applications for new exploration blocks offshore Norway.
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The operator estimates discovering more than 96 million BOE of recoverable volumes with its latest Norwegian North Sea exploration activity.
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North Sea tieback to the Troll C platform could begin production by the end of 2029.
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The field, which holds the first production license on the Norwegian Continental Shelf, sent oil to the Jotun FPSO on 23 June.
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The Norwegian technology developer is working to strengthen the value case for wired pipe through an upcoming offshore campaign with Vår Energi.
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Plugging operations are scheduled to begin early 2026.
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