Equinor Brings Utgard Online
Equinor revealed Tuesday that it has started production from the Utgard gas and condensate field, which spans the Norway-UK border in the North Sea.
The project was delivered without any personal injuries, ahead of schedule and 25 percent below the cost estimate, Equinor noted.
Recoverable Utgard resources are estimated at around 40 million barrels of oil equivalent (boe) and daily field production on plateau will be around 43,000 boe, according to Equinor.
“I am proud of the Utgard project being delivered at NOK 900 million ($100.4 million) below the cost estimate and ahead of schedule, but first and foremost of the project being delivered without personal injuries,” Anders Opedal - executive vice president for technology, projects and drilling at Equinor – said in a company statement.
“Good and efficient cross-border cooperation with both license partners and authorities has made the Utgard development possible, and I am pleased that we found solutions ensuring proper resource management on both sides,” he added.
Utgard, which was discovered in 1982, will be remote-operated from the Norwegian Sleipner field. The plan for development and operation and the field development plan were submitted to Norwegian and UK authorities in 2016.
Equinor Energy AS owns a 38.44 percent operated interest in Utgard, with Equinor UK Limited holding a 38 percent stake, LOTOS Exploration & Production Norge AS holding a 17.36 percent interest and KUFPEC Norway AS holding the remaining 6.2 percent stake.
Earlier this month, Equinor revealed that it and its partners had started production from the Snefrid Nord gas field, which is the first discovery tied back to the Norwegian Sea Aasta Hansteen field. Back in August, Equinor and its partners announced first oil from the Mariner field in the UK North Sea. Mariner is expected to produce more than 300 million barrels of oil over the next 30 years.
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