Equinor has received the authorities’ approval for extending the life of eight installations on the Norwegian continental shelf (NCS) during the last three years, the company said in its release.
Several of these installations were originally scheduled for shutdown already, or in only a few years. Instead, the extensions will give many more years of operation on the NCS.
In 2018, Gullfaks produced oil and gas at a value of close to NOK 28 billion and investments of NOK 4.7 billion were made.
Equinor plans to extend the life of more than 20 NCS installations in total. The company is expected to apply for extending the life of all older and relevant installations by 2031.
Equinor has submitted applications for consent to the authorities for further operation of Vigdis, Tordis and Veslefrikk. Applications for life extension of Troll B and Heidrun Subsea are scheduled to be submitted this year.
At this year’s capital markets update Equinor presented plans that will lead to record production from its operated NCS installations in 2025.