Equinor and partners to invest close to NOK 3.2 billion in 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.
“By increasing the resource base for Hammerfest LNG, Askeladd Vest will be an important contribution in supporting our ambition of long-term presence in the north. This will allow us to further strengthen the ripple effects of our activities in this part of the country, which is important to Equinor and its partners in the time ahead,” says Kristin Westvik, Equinor’s senior vice president for operations north.
The subsea template on Askeladd Vest will be tied back to the Askeladd field through a pipeline and an umbilical. The distance from the onshore production plant at Melkøya to the subsea field is 195 kilometres, which is the longest distance ever to a field development.
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