EQUINOR TO EXTEND STATFJORD FIELD PRODUCTION TOWARDS 2040

January 10, 2020

Equinor and its partners in the Statfjord field area have identified and approved plans to extend production from the field towards 2040. A new business plan will ensure even higher use of resources, extract more value from the field, and allow plans for decommissioning Statfjord A in 2022 to be deferred.
Based on extensive mapping of the underground the remaining potential of the Statfjord area is still considerable.
Equinor and its partners have therefore resolved a new, ambitious business plan for the Statfjord main field and satellite fields. Vår Energi, Spirit Energy Norway, Petoro, Idemitsu Petroleum Norway, and Wintershall Dea Norge are partners in the Statfjord area, Equinor is operator.
Statfjord A was scheduled for decommissioning in 2022, however, the field life will now be extended to 2027. The lives of Statfjord B and C will be extended beyond 2035, continuing to create high value from the field and securing profitable jobs.
The new plan calls for extending Statfjord production by maturing new reserves for recovery and making necessary upgrading of the platforms, strongly increasing field activity.
Around 100 new wells will be drilled towards 2030. The wells will help reach an ambition of maintaining the current production level from Statfjord beyond 2025. This will require considerable investments and upgrading of the three platforms.
The Statfjord oil field is a large oil and gas field covering 580 km2 in the U.K.-Norwegian boundary of the North Sea at a water depth of 145 m, discovered in 1974 by Mobil and since 1987 operated by Statoil.
(Source: Statoil – Imaje: Statfjord A/Kvaerner)