Daily Newsletter

23 October 2023

Daily Newsletter

23 October 2023

Equinor commissions Breidablikk oil field offshore Norway

The subsea field is estimated to hold almost 200 million barrels of recoverable oil.

Archana Rani October 20 2023

Equinor and its partners have started production from the Breidablikk field in the Norwegian North Sea, four months ahead of schedule.

The subsea field, which is tied back to the Grane platform, is expected to have a peak production capacity of 55–60,000 barrels per day.

The field is estimated to hold almost 200 million barrels of recoverable oil.

Equinor projects, drilling & procurement executive vice-president Geir Tungesvik said: "Breidablikk will come on stream four months ahead of schedule, within budget, and with higher initial production than expected.

“The project is highly profitable, provides important volumes to the market, and will create great value for Norwegian society and the owners. Nearly five million working hours have gone into the project.”

Equinor said that eight wells have been drilled at the field. Additional wells will continue to be drilled until the end of 2025.

A total of 22 subsea wells are due to be drilled at the field from four templates.

Equinor Norway exploration and production executive vice-president Kjetil Hove said: "Breidablikk can help to extend the productive life and the approximately 1,000 jobs associated with the operation of the Grane field towards 2060.

“By utilising existing infrastructure both offshore and onshore, this is a cost-effective development. At peak, Breidablikk is expected to send up to 55–60,000 barrels of oil to the market daily, mainly to Europe.”

Once the oil produced from the Breidablikk field is processed in the Grane field, it is supplied to the Sture terminal in Øygarden via pipeline.

Equinor operates the Breidablikk field with a 39% stake. Other partners include Vår Energi (34.4%), Petoro (22.2%) and ConocoPhillips Skandinavia (4.4%).

Most O&G majors have set net zero targets, but few include Scope 3 emissions

GHG emissions generated by O&G operations accounted for 15% of total energy-related emissions worldwide in 2022. A further 40% of such emissions came from the use of oil and gas for power generation, heating, vehicle fuel, and industrial processes. Only 6 companies have targets covering Scope 3 emissions. To reduce Scope 3 emissions, O&G companies are switching their products to lower-carbon sources of energy including hydrogen, LNG, biofuels, and renewables.

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