This marks an important milestone in the maturation of the project and establishes a development solution for seven discoveries and one prospect, paving the way for a potential common field development.
The discoveries included in the project are Grosbeak, Swisher, Mulder, Kveikje, Toppand, Røver Sør, and Røver Nord. In addition, the prospect Grønngylt is included. The resources are spread across eight licences with a total of seven owners.
«We estimate that Ringvei Vest will contribute 240 million barrels of oil equivalent. A solid effort has been put in over a long period, and I am confident that together with partners and authorities, we have arrived at the best development solution, which also ensures optimal resource utilisation», says Kjetil Hove, executive vice president for exploration and production Norway in Equinor.
According to the words of Hove, Equinor aims to increase our equity production from the Norwegian Continental Shelf to 1.3 million barrels per day in 2035.
Ringvei Vest covers a large area, and the plan is to drill a total of 13 wells through six templates. The well stream will be separated on the seabed before being transported to Troll B, which also provides power for the subsea facilities. The wells are planned to be controlled from Troll B. From the platform, the oil is transported to Mongstad and the gas to Kollsnes.
The decision on continuation (DG2) is planned for the end of the year. The timeline for the final investment decision, submission of the plan for development and operation, and production start-up is not yet decided.
