Equinor presents impact assessment for development and operation of Wisting
Equinor has today, on behalf of the partners, presented an impact assessment for development and operation of Wisting. The plan for development and operation (PDO) is scheduled to be finalised at the end of 2022.
The impact assessment to be issued for public consultation is covering both the development phase and the operations phase of the Wisting project in the Barents Sea. In December, Equinor entered into an agreement with Lundin, whereby Equinor will continue its Wisting operatorship into the operations phase.
The Wisting discovery is of considerable size, containing close to 500 million barrels of oil equivalent. Expected investments are in the range of NOK 60 – 75 billion.
Social impact
A development and operation of Wisting will have major positive impacts on society locally, regionally and nationally. Both the development phase and the operations phase will help create substantial value in Northern Norway and for Norwegian society.
“The Wisting field development will be a large and complex project, utilizing necessary experience and expertise both in the company and the industry. The chosen concept is robust and adapted to Barents Sea operation, while at the same time well suited for Norwegian suppliers to be able to compete for major assignments,” says Siv Irene Skadsem, vice president for new assets on the Norwegian continental shelf (NCS).
The Norwegian share of goods and service deliveries to the field development is calculated to be more than NOK 35 billion, representing minimum 50 per cent of total investments. These calculations have been made before all contracts are awarded. Equinor aims to increase the Norwegian share as contracts are awarded.
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