The partnership in Breidablikk, Petoro, Vår Energi, ConocoPhillips and Equinor (operator) have decided to develop the Breidablikk field in the North Sea. Monday 28th of September, the partnership submitted the plan for development and operation (PDO) to the Minister of Petroleum and Energy. Expected recovery from the field is approx 200 million barrels of oil and the investments will be just under NOK 20 billion. The Breidablikk field is one of the largest oil discoveries on the Norwegian shelf that has not yet been developed. The decision to develop the field will provide significant value to Norwegian society and the owners.
Production is planned to start February 1st 2024. The development of Breidablikk supports Petoro's strategy for further development of mature fields and utilization of existing infrastructure.
Facts
The Breidablikk field is located northeast of the Grane field
3 discovery wells; first in 1992 and followed up with two new discoveries in 2013, 2014
Sea depth is approx. 130 m
The hydrocarbons on the Breidablikk field extend over an area of approx. 37 km2
Other news
[01.08.2024] - Press release - Second quarter 2024
114 billion to the state in the first half of 2024. Ownership swaps bolster the long-term strategy.
