Norwegian Sea
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The Norwegian Sea field is expected to come on stream in late 2025. -
After suffering a 2-year delay and unexpectedly large cost overruns, the Norwegian oil and gas field is expected to produce for 20 more years.
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Development of these offshore fields carries a combined price tag net to Aker BP of $19 billion. -
The well is targeting middle and lower Jurassic-aged reservoirs.
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An Equinor-led partnership to test prospect northeast of Visund.
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The operator expects most of the field’s estimated 90 million BOE to be oil.
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Exploration test could yield as much as 200+ million BOE.
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New find could add 150 million BOE to reserves.
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Discovery near field’s northern reaches will be fast-tracked for production.
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Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea.
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A new enabling technology known as electrically heat-traced flowline (EHTF) will be used to enable system startup and shutdown and to maintain production fluids outside of the hydrate envelope during steady-state operation.
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