A new business plan will ensure even higher use of resources, extract more value from the field, and allow plans for decommissioning Statfjord A in 2022 to be deferred.
Based on extensive mapping of the underground the remaining potential of the Statfjord area is still considerable.
Statfjord A was scheduled for decommissioning in 2022, however, the field life will now be extended to 2027. The lives of Statfjord B and C will be extended beyond 2035, continuing to create high value from the field and securing profitable jobs.
Through 40 years of production, Statfjord has generated
'We have a responsibility to society and our owners for realizing the full value potential from our producing fields on the Norwegian continental shelf (NCS). Statfjord is a world-class oil and gas field that has supplied the world with huge amounts of energy. The field has created high value and been a cornerstone in the development of the entire Norwegian petroleum industry. It is therefore a pleasure to see that we, together with our partners in the area, can extend the production period and continue the value creation,' says
The new plan calls for extending Statfjord production by maturing new reserves for recovery and making necessary upgrading of the platforms, strongly increasing field activity.
Around 100 new wells will be drilled towards 2030. The wells will help reach an ambition of maintaining the current production level from Statfjord beyond 2025. This will require considerable investments and upgrading of the three platforms.
While new wells and extended production will increase revenue,
The new unit will develop new ways of working for safe and efficient operation with low carbon emissions from late life fields on the NCS. The new unit will be central in securing optimal recovery of resources from
The new late life unit will also have responsibility for the decommissioning projects for the Veslefrikk and Heimdal installations.
In preparing the new late life unit and a new business plan for Statfjord the management of
'I am speaking on behalf of all the trade unions in
'We have had both good and demanding discussions on this project, especially on the operational reorganization. Our requirement is that safety is given top priority,' continues Teige.
'Jobs on the NCS are highly profitable and important to
'It is good social economics to utilize the NCS infrastructure we have invested in, to make optimal use of the Norwegian community's resources. This is something our people on the NCS focus on every single day. However, we must meet the climate challenge and work even harder to reduce emissions from our production. This will be more important for the petroleum industry going forward,' continues Labrathen.
The new Statfjord effort includes a plan for keeping CO2 emissions as low as possible through the late life period, to ensure that Statfjord is operating well within the limit of
During the next five years, CO2 emissions per produced barrel from the field will be halved due to higher production, compared to ending the production earlier. Several operational measures for increased energy efficiency have been identified to maintain a constant level of energy consumption, in a period with increasing activity level.
Towards 2030,
Contact:
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