Oil & Gas

Planning to produce 478 MMbo

Photo: The four who in 1911 were the first to reach the South Pole: Oscar Wisting, Olav Bjaaland, Sverre Hassel and Roald Amundsen. As previous claims to have arrived at…

Lundin Energy announces resource increase

Lundin Energy’s 2P reserves as at 31 December 2020 are 670.9 MMboe and reflect a positive revision of 39.3 MMboe. The 3P reserves as at 31 December 2020 are 826.0…

NCS exploration delivers good results

The NCS Exploration Strategy 2020 conference took place in November with presentations by oil companies on their strategies and plans. In addition, both NPD and the Ministry of Petroleum gave important contributions.…

Further capacity increase at Johan Sverdrup

When Phase 2 starts up in the fourth quarter of 2022, the full field plateau production is increased to 720 Mbopd.  Following the successful increase of the Johan Sverdrup Phase…

Bangladesh Upstream: Delayed but Not Out

Bangladesh is geologically well positioned to pursue a strategy fuelled by natural gas, but the international Covid situation is causing continued delays; namely to the 2020 licensing round. This Hot…

Snorre redevelopment project approved

The redevelopment of the Snorre field in the North Sea consists of six subsea templates, which will be tied into Snorre A. The authorities have now given Equinor and its…

Dvalin ready for start-up

The operator’s investment projection for the development is approx. NOK 11 billion. Wintershall DEA expects to start up in November or December. The field is located in production license PL435. It…