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Norway: Equinor to develop Askeladd Vest in the southern Barents Sea
26 Apr 2021
Wintershall Dea have decided to develop
Askeladd Vest, which is in the southern Barents Sea. The investment is close to NOK 3.2 billion. It is important to Equinor and its partners to utilize the resources and existing infrastructure in the area in the best possible way. The Askeladd Vest development is a profitable development and will provide 134 million barrels of oil equivalent. These volumes are valuable to the owners and society, says Geir Tungesvik, Equinor’s senior vice president for project development.
Askeladd template load out from the Aker Solutions production hall in Egersund in 2019. (Photo: Ørjan Richardsen and Espen Rønnevik)
Equinor and partners to develop Askeladd Vest
Equinor and its partners Petoro, Total, Neptune and Wintershall Dea have decided to develop Askeladd Vest, which is in the southern Barents Sea. The investment is close to NOK 3.2 billion.
“It is important to Equinor and its partners to utilize the resources and existing infrastructure in the area in the best possible way. The Askeladd Vest development is a profitable development and will provide 134 million barrels of oil equivalent. These volumes are valuable to the owners and society,” says Geir Tungesvik, Equinor’s senior vice president for project development.
As part of the multi-phased Snøhvit development, Askeladd Vest will extend plateau production at the Hammerfest LNG plant by a good two years. Plans call for production start in the first half of 2024. Askeladd Vest is operated by the Snøhvit organisation located in Hammerfest and Harstad.