Norwegian Continental Shelf
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Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK. -
The Granat prospect on the Norwegian Continental Shelf may be developed with a subsea tieback to existing infrastructure.
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The company's CEO says Europe’s third-largest oil field is entering a natural decline phase.
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Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.
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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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