Oslo, January 28 - Neftegaz.RU. After years of delays, and cost overruns, Norway’s Minister of Petroleum and Energy Marte Mjøs Persen on January 27 officially opened the Martin Linge field.
During the development phase, the project encountered significant challenges and the capital expenditures doubled.
Namely, the field capex totalled about $7.1 bln, compared with about $3.5 bln in the plan for development and operation from 2012. Martin Linge is the 1st platform to be put on stream by Equinor from an onshore control room – the wells and process are operated from a control room in Stavanger.
Anders Opedal, CEO of Equinor, said:
- Martin Linge has been a very challenging project to put on stream
- Thanks to competent colleagues, good suppliers and collaboration with our partner Petoro and the authorities, the field was efficiently and safely put on stream last year
- The field is now producing very efficiently
- With current prices, investments in the field will be recovered in full during 2022
At plateau production, tipped for 2022, the field will produce around 115 000 boe, predominantly gas and condensate.
Due to power from shore, the emissions from the field are low and are around 1 kilogram of CO2 per barrel.
To remind, Equinor took over the operatorship from Total in 2018.
Equinor owns 70 % of the field while its only partner is Petoro with 30 %.
