Breidablikk oil project : Equinor and partners to move ahead with $2bn field development
Breidablikk oil project : Equinor and its partners Petoro, ConocoPhillips Skandinavia, and Vår Energi have approved the development of the Breidablikk oil field in the Norwegian North Sea with an investment of NOK 18.6 billion ($1.96 billion).
The partners will submit the plan for development and operation of the Breidablikk field to the Norwegian Minister of Petroleum and Energy apart from awarding contracts for subsea facilities and upgrading of the Grane platform.
The expected production from the North Sea field is around 200 million barrels, said Equinor. First oil from the Breidablikk oil project is targeted to be achieved in the first half of 2024.
Geir Tungesvik – Equinor acting executive vice president for Technology, Projects and Drilling, commenting on the Breidablikk oil project, 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.”
Illustration of the Breidablikk oil project in the North Sea. Image courtesy of Equinor ASA.
The Breidablikk oil field will be a subsea development featuring 23 oil producing wells from four subsea templates that will be controlled from the platform at the Grane oil field.
Equinor said that the Breidablikk field will be tied into the Grane platform for oil processing before it is brought ashore at the Sture terminal.
The Norwegian oil and gas giant said that the production from the Grane platform will be monitored with advanced digital tools from its integrated operations centre (IOC) at Sandsli to achieve optimal production and value creation from the wells.
Equinor has awarded the subsea production facilities contract for the Breidablikk oil project to Aker Solutions. The contract, which calls for the delivery of four subsea templates and up to 23 subsea trees and associated components, is worth NOK 2.5 billion ($263 million).
Wood has been given a NOK 800 million ($84 million) contract to modify the Grane platform to enable subsea tieback for the Breidablikk development.
TechnipFMC was given a contract earlier this year for pipelaying in the Breidablikk oil project with options for subsea installation.
Arne Sigve Nylund – Equinor executive vice president for Development and Production Norway, commenting on the Breidablikk oil project, said: “I am pleased that we together with our partners have matured the Breidablikk field to development. Breidablikk shows how the industry’s combined competencies create high value and returns from a world-class infrastructure on the NCS.
“Breidablikk will contribute significantly to maintaining profitable production in one of our core areas on the NCS.”