Norwegian oil company Equinor is set to develop the Breidablikk, which is being touted as one of the largest undeveloped oil discoveries on the Norwegian continental shelf.
The development concept chosen for the Breidablikk field is a subsea development with 23 oil producing wells from four subsea templates that are controlled from Grane. Breidablikk will be tied in to the Grane platform for oil processing prior to being brought ashore at the Sture terminal.
The company said that with its partners Petoro, Vår Energi and ConocoPhillips, it would submit the Breidablikk plan for development and operation to the Minister of Petroleum and Energy, in addition to awarding contracts for subsea facilities and upgrading of the Grane platform.
Grane is an oil field in the North Sea developed using an integrated accommodation, processing, and drilling platform with a fixed steel jacket
The expected production from the Breidablikk field is about 200 million barrels, with investments totaling about $1.95b.
Geir Tungesvik, Equinor’s Acting Executive Vice President for Technology, Projects, and Drilling, said: “The Breidablikk field is one of the largest undeveloped oil discoveries on the Norwegian continental shelf (NCS).
“Field development will create substantial value for the Norwegian society and the owners. We are also pleased to award two key contracts today at a total value of NOK 3.3 billion, including options. The contracts will contribute to important activity for the supply industry and secure jobs for many years.”
For more information visit www.equinor.com