📋 Tender Overview
Minister of Petroleum and Energy Terje Aasland today received a plan for development and operation PDO for the Halten East project in the Norwegian Sea. The recoverable reserves are estimated at about 100 million barrels of oil equivalents of which about 60 percent is gas to be sent to Europe.The licensees Equinor Var Energi Spirit Energy and Petoro have decided to invest about NOK 9 billion to develop several smaller discoveries in the Asgard area in the Norwegian Sea. Halten st involves the development of a total of six gas and condensate discoveries as well as opportunities for the development of three more prospects. Production is scheduled to start in 2025.Halten st is a good example of how different companies can work together to develop several smaller discoveries that each would have been demanding to develop. Projects like this help to substantiate the governments ambition to further develop the petroleum industry says Minister of Petroleum and Energy Terje Aasland.Social ripple effects in NorwayAccording to Kunnskapsparken Bod which has carried out a ripple effect study the development of Halten st could lead to about 3000 man-years spread over five years in the period 2022-2029. And contracts of close to seven billion kroner will be awarded to Norwegian suppliers.The recoverable reserves in Halten East are estimated at close to 100 million barrels of oil equivalents and 60 percent of this is gas that will be sent to Europe. It is an important contribution to the energy supply. In addition it is likely that as much as 90 per cent of the contract value in the project may go to the supplier industry in Norway which helps to emphasize the competitiveness of this industry. Here the Norwegian continental shelf provides both jobs and value creation for the country says Aasland.Halten st consists of the finds Gamma Harepus Flyndretind Nona Sigrid and Natalia.Recoverable reserves in Halten st are estimated at close to 16 million Sm 3 oil equivalents oe or around 100 million barrels of oil equivalents where approx. 60 percent is gas.Halten st is a seabed development connected to sgard and includes the installation of a total of six seabed frames. Drilling of a total of up to ten wells is planned.The project is planned to be developed in two phases. Phase 1 will be developed with six wells in the period 2024-2025 and phase 2 is planned to be developed in 2029. Production start of the first two wells is planned in 2025. Thereafter the wells will be put into production as they are completed.Gas and oil condensate are sent on to sgard B for processing and oil and condensate are stored in sgard C for export by ship.Produced gas is sent through the sgard Transport gas pipeline to Krst and on to Europe.Equinor Energy AS is the operator with a participant share of 57.70 percent. Other licensees are Petoro 5.90 per cent Vr Energi AS 24.60 per cent and Spirit Energy AS 11.80 per cent.The Asgard fieldThe Asgard field is located about 200 kilometers from the coast of Trndelag and 50 kilometers south of the Heidrun field. The field has been developed with a production ship sgard A a semi-submersible facility sgard B and a storage ship sgard C. sgard has been producing oil since May 1999 and gas since October 2000.
