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The Equinor Project Was Scheduled to Start Production Only in 2024; However, It Was Moved Up and Already Has Eight Oil Wells Drilled.
Equinor announced a significant milestone in oil production with the successful operation of the Breidablikk oil field, located in the depths of the North Sea. The noteworthy news is that production began 4 months earlier than expected, with the project completed within the established budget. This subsea field, linked to the Grane platform, holds an impressive 200 million barrels of recoverable oil .
Discover the Breidablikk Project
Strategic Partnership: Equinor, Petoro, Vår Energi, and ConocoPhillips Operate the Oil Field
Equinor acts as the main operator of the asset, in partnership with Petoro, Vår Energi, and ConocoPhillips.
This project of magnitude will be operated in conjunction with the already established Grane field, further consolidating Equinor’s position in the energy industry.
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“The project is highly profitable, provides significant volumes to the market, and will create great value for Norwegian society and the owners. Nearly five million hours of work have been dedicated to this project,” said Geir Tungesvik, Executive Vice President of Projects, Procurement, and Drilling at Equinor.
Advancement in the Oil Industry: Breidablikk in Operation 4 Months Ahead of Schedule
The anticipation in production represents a remarkable achievement, considering that when the Plan for Development and Operation (PDO) was announced in September 2020, the production at Breidablikk was scheduled to start only in the first half of 2024, with the pre-drilling and completion of 5 wells.
However, eight wells have already been drilled, and additional wells are planned to be drilled by the end of 2025.
The development of Breidablikk involves drilling a total of 22 subsea wells.
Impact of Equinor on the Supply Chain and Job Creation
A considerable infrastructure has been assembled, with pipelines and cables installed between the subsea facility and the Grane platform, which has been appropriately modified to receive the flow from the wells.
This project has had substantial effects throughout Norway’s supply chain, with more than 90% of the contract value directed to local suppliers.
Kjetil Hove, Executive Vice President of Exploration and Production at Equinor in Norway, expressed optimism about the impact of Breidablikk on industry and the Norwegian economy:
“The Breidablikk field can help extend the productive life and the around 1,000 jobs associated with the operation of the Grane field until 2060. By utilizing the existing infrastructure both offshore and onshore, this is a development with good cost-effectiveness. At peak, Breidablikk is expected to send up to 60,000 barrels per day to the market daily, primarily to Europe.”
The oil produced at this site will be processed at Grane and transported via pipeline to the Sture terminal in Øygarden.
Production at Breidablikk is expected to represent approximately 15% of Sture’s exports in the coming years.
The joint management of the Breidablikk and Grane fields will be conducted from Equinor’s organization in Sandsli, located in Bergen.
The early start of production represents an important milestone in the exploration of oil resources in the North Sea region.
Further highlighting the multinational’s position as a leader in the global energy industry.
Equinor continues to play a key role in ensuring a reliable oil supply for Europe and the world.
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