PDO for Snorre Expansion Project approved

6. juli 2018

 

The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) for the Snorre Expansion Project. Investments will increase recovery from the Snorre field by almost 200 million barrels and extend the field life beyond 2040.



Snorre Expansion Project is the largest project for improved recovery on the Norwegian continental shelf and will increase production and recovery rate from the Snorre field. The project involves a comprehensive subsea development, upgrading of the Snorre A platform installation and increased gas injection.



The Snorre field was originally estimated to produce until 2011–2014. Now the field life has been extended Beyond 2040, and the recovery rate increases from 46 to 51 per cent.



Scheduled to start production in 2021, the Snorre Expansion Project will be operated and maintained by the existing Snorre organisation in Stavanger. Supplies will still be handled by Fjordbase in Florø.



“Snorre Expansion Project will significantly add value and re-affirm Idemitsu’s commitment to the Norwegian continental shelf after being here for almost 30 years, and shows our intention to continue being an active partner here in Norway for a long time,” says Hiroshi Arikawa, Managing Director of Idemitsu Petroleum Norge.







Partners:  Equinor Petroleum AS (operator) 33.27%, Petoro AS 30%, ExxonMobil Exploration and Production Norway AS 17.44%, Idemitsu Petroleum Norge AS 9.6%, DEA Norge AS 8.57% and Point Resources AS 1.1%.