طراحی سایت
X

PEDC News

Home /News & Media/News
Sunday 17 March 2019
number of visits: 234

Extending life of eight installations

Extending life of eight installations

Equinor has received the authorities’ approval for extending the life of eight installations on the Norwegian continental shelf (NCS) during the last three years.

Several of these installations were originally scheduled for shutdown already, or in only a few years. Instead, the extensions will give many more years of operation on the NCS.

“Field life extension is an excellent way of managing resources, as it creates high value from established fields, where we cooperate with our suppliers on safe operation and lower emissions every single day. It also creates more activity offshore, in line with our ambition of pursuing our profitable and sustainable development of the NCS,” says Arne Sigve Nylund, executive vice president for Development and Production Norway.

The eight life extensions involve Gullfaks A, B and C (2036), Oseberg East (2031), Snorre A and B (2040), Norne (2036) and Åsgard A (2030).

“It helps secure thousands of jobs offshore and onshore and considerable revenue to society, owners and suppliers. As an example, Gullfaks is currently creating more than 1500 jobs directly on three platforms, in addition to onshore jobs with Equinor and our suppliers and local spinoffs across the country,” says Nylund.

In 2018, Gullfaks produced oil and gas at a value of close to NOK 28 billion and investments of NOK 4.7 billion were made.

Equinor plans to extend the life of more than 20 NCS installations in total. The company is expected to apply for extending the life of all older and relevant installations by 2031.

Equinor has submitted applications for consent to the authorities for further operation of Vigdis, Tordis and Veslefrikk. Applications for life extension of Troll B and Heidrun Subsea are scheduled to be submitted this year.

“Safe and efficient operation of our fields also form the basis for innovation relating to carbon capture and storage, floating offshore wind farms and hydrogen,” says Nylund.

At this year’s capital markets update Equinor presented plans that will lead to record production from its operated NCS installations in 2025.

Continuous focus on extending the life of our fields is one of the reasons for the company’s record production.

Installation  

Original lifetime 

New lifetime 

Years of extension 

Gullfaks A  

2016  

2036  

20  

Gullfaks B  

2017  

2036  

19  

Gullfaks C  

2019  

2036  

17  

Oseberg East  

2018  

2031  

13  

Snorre A  

2022  

2040  

18  

Snorre B  

2021  

2040  

19  

Norne  

2020  

2036  

16  

Åsgard A  

2018  

2030  

12  

 

Source : Link

Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

 

Picture
  • Extending life of eight installations
طراحی سایت ایزی وب