Equinor granted consent to extend life of Oseberg Øst facility

5/25/2018

STAVANGER -- Equinor (formerly Statoil) has been granted consent for continued use of the Oseberg Øst facility until March 31, 2031.

The Norwegian Petroleum Directorate believes there is a basis for continuing operations on Oseberg Øst to recover remaining resources in the field. Equinor had a permit to use the facility through 2018.

Oseberg Øst is located in the northern part of the North Sea, 15 km east of Oseberg field. The field was proven in 1981 and production started in 1999.

The original oil reserves were 26.6 MMscm of oil (167 MMbbl). The remaining oil reserves are estimated at 4.9 MMcm (31 MMbbl).

The field was developed with an integrated fixed facility with living quarter, drilling module and separation of oil, water and gas. The oil is transported by pipeline to the Oseberg field centre for further treatment and transport via the Oseberg transport system to the Sture terminal in Hordaland County. The gas is primarily used for injection and power production for the installation.

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