EQUINOR TO INVEST TO FURTHER DEVELOP THE ASGARD FIELD
The partners in the Asgard licence have decided to invest just under NOK 1.4 billion to further develop the field and implement the Asgard B low-pressure project.
“We’re pleased that the Asgard owners have given their go-ahead for the low-pressure project. The project will increase production from the current Smørbukk wells and contribute to achieve planned production from the field. We’re also awarding a contract to Aker Solutions which will provide valuable activity and help maintain jobs in a difficult time,” says Geir Tungesvik, Equinor’s senior vice president for projects.
The Åsgard field in the Norwegian Sea started producing in 1999 and the transition to low-pressure production is important to secure improved recovery from the field.
“We can still produce 400-500 million barrels of oil equivalent from the field. This means value creation in the order of NOK 150 – 200 billion. The current recovery rate for the field is almost 50 percent, but our ambition is to extract 60 percent of the hydrocarbons in the reservoirs before the field will have to be shut down,” says Randi Hugdahl, vice president for Åsgard operations.
The selected concept is a modification of the platform to reduce inlet pressure by replacing the reinjection compressors and rebuilding parts of the processing facility.
The Asgard installations currently receive oil and gas from seven different fields: Midgard, Smørbukk, Smørbukk South, Mikkel, Morvin, Smørbukk Northeast and Trestakk.
Asgard B is a semi-submersible floating platform with processing systems for gas treatment and stabilisation of oil and condensate.
Åsgard is a field in the central part of the Norwegian Sea. The water depth is 240-300 metres. Asgard was discovered in 1981, and the plan for development and operation (PDO) was approved in 1996. The field produces gas and considerable amounts of condensate from Jurassic sandstone at depths of as much as 4850 metres.
(Source and image : Equinor – Worker on the Åsgard B platform/Equinor/Marit Hommedal)
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