Equinor Starts 3rd UK Development in 2019

Equinor Starts 3rd UK Development in 2019
Equinor has started its third UK upstream development in 2019 - Barnacle.

Equinor has started its third UK upstream development in 2019; Barnacle.

The Barnacle project, which started production on December 6, is estimated to have recoverable resources of around two million barrels of oil equivalent. Daily production at plateau is estimated at around 4,300 barrels of oil equivalent per day.

The field is the first in Equinor’s portfolio to be fully located in the UK and produced through existing infrastructure in Norway. Barnacle is located 1.2 miles from the UK-Norway maritime border and consists of one extended reach well tied back to the Statfjord B platform. Equinor’s previous UK production start-ups in 2019 comprise the Mariner and Utgard developments.

“Barnacle delivers value on both sides of the median line by unlocking otherwise stranded resources in the UK,” Arne Gurtner, senior vice president for Equinor’s UK and Ireland offshore operations, said in a company statement.

“The speed and success of this development relied on innovative commercial solutions and the close collaboration between partners, regulators and authorities in both the UK and Norway,” Gurtner added.

“Its successful delivery and those of Mariner and Utgard, along with our natural gas supplies and growth in offshore wind, underline our commitment to the UK as a broad energy company,” the Equinor representative continued.

Equinor owns a 44.34 percent interest in Barnacle. Esso owns a 21.37 percent stake in the asset and Spirit owns the remaining 34.30 percent interest. Equinor is the largest supplier of crude oil and natural gas to the UK, according to the company’s website.

Back in October, Equinor started production from the Johan Sverdrup field, which is described by the company as a “North Sea giant”. Johan Sverdrup has expected recoverable reserves of 2.7 billion barrels of oil equivalent and is expected to produce up to 660,000 barrels of oil per day at plateau.

To contact the author, email andreas.exarheas@rigzone.com


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