Verdande is a conventional oil development located in deepwater in Norway and is operated by Equinor Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Verdande was discovered in 2017, lies in block 6607/12P (PL 127), 6608/10P (PL 128), 6608/10P (PL 128 D), and 6607/12P (PL 127 C), with water depth of around 1,230 feet. Buy the profile here.
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The project is currently in construction stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $476 m. The Verdande conventional oil development will involve the drilling of approximately three wells and includes subsea tree.
Field participation details
The field is owned by Aker BP, DNO, Equinor, Orlen and Petoro.
Production from Verdande
Production from the Verdande conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2057.
Contractors involved in the Verdande conventional oil field
Some of the key contractors involved in the Verdande project as follows.
EPC Contractors: DeepOcean Group Holding and Subsea 7
Other Contractors: Transocean, TechnipFMC and Completion Tracer
About Equinor Energy
Equinor Energy AS (Equinor Energy) is a wholly-owned subsidiary of Equinor ASA. The company provides oil and gas exploration and production services. It extracts, refines, and transports natural gas, crude oil, and wind power for manufacturing of synthetic fabrics, plastics, asphalt, cosmetics, and medicines. Equinor Energy is headquartered in Stavanger, Norway.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
