Today, Equinor and the partners Petoro, Vår Energi, and Total E&P Norge announced they decided to develop the Lavrans discovery and the Kristin Q-discovery. Indeed, these discoveries are part of the Kristin field, which is located in the southwestern part of the Halten Bank in the Norwegian Sea.
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Thus, the Kristin Q-discovery constitutes phase 1 of the Kristin South project. Accordingly, the plan for development and operation (PDO) will be submitted to Norway’s minister of petroleum and energy.
Worth noting, capital expenditures for this first phase will total about NOK 6.5 billion.
In this regard, Equinor’s executive vice president for Projects, Drilling and Procurement, Arne Sigve Nylund, said; “The decision to develop the Kristin South area will generate substantial value for society and the owners. In fact, “we exploit the resources and the existing infrastructure favorably while contributing to further development of the Norwegian Sea.”
Similarly, “we have also awarded contracts worth about NOK 2.2 billion,” continued Nylund. Lastly, “these assignments will help maintain jobs in Norway.”
On the other hand, Equinor’s executive vice president for Exploration and production Norway, Kjetil Hove, commented; “Our ambition is to transform the Norwegian continental shelf to create great value while helping Norway achieve the Paris goals. Particularly, extending the productive life by utilizing the infrastructure we have on the NCS for satellite developments; is very important and ensures good profitability and low CO2 emissions.”
Equinor and Partners’ plans in the Kristin field
Indeed, Equinor said in a media release that the partner group will tie production from Lavrans and Kristin Q into the Kristin platform. Besides, they will install a subsea template at Lavrans. In fact, the group will reuse an already installed subsea template at Kristin Q.
Accordingly, a total of five wells are planned to be drilled, four at Lavrans and one at Kristin Q.
To recall, the Kristin field was put on stream in 2005, and its platform’s technical life is estimated to end in 2034; moreover, the field has possibilities of further life extension to 2042.
Worth noting, Kristin South project’s expected production in phase 1 is 6.2 GSm3 of gas and 1.9 MSm3 of oil. Also, the plan for development and operation includes a description of possible future phases of the project; for instance, including a possible next phase of Lavrans. Besides, it consists of the possible development of the Erlend and Ragnfrid discoveries.
Currently, Equinor noted in the media release, the CO2 intensity for extraction and production of Kristin South phase 1 is very low; for instance, less than 1 kg of CO2 per barrel of oil equivalent. However, Equinor said that the emissions will mainly be generated from the project’s drilling activities.