PDO for Halten East submitted today

[25.05.2022]
From left: Tom Elseth, Prosjektdirektør Equinor; Arild Stavnem, Petoro; Gunn Gadeholt, Spirit Energy; Geir Tungesvik, Konserndirektør Equinor; Olje- og energiminister Terje Aasland and Ørjan Jentoft, Vår Energi
The partnership in Halten East has today submitted a plan for development and operation to the Minister of Petroleum and Energy Terje Aasland. The plan provides for investments of around NOK 9 billion in development near the Åsgard field in the Norwegian Sea. Halten East consists of six gas and condensate discoveries and an option for another three prospects. The partnerships are Equinor, Vår Energi, Spirit Energy and Petoro.
- Halten Øst utilizes existing gas infrastructure in line with our strategy. Here, the companies have worked across the licenses to find good solutions for the best possible resource recovery, says CEO Kristin Kragseth in Petoro and adds that the development will ensure gas to Europe and value creation to Norway.
 
Halten Øst is a common term for several smaller discoveries and prospects, each of which struggled to find economically good development alternatives. In 2020 the licensees in four licenses agreed to coordinate a development of the area. Recoverable reserves in Halten Øst are estimated at close to 16 million Sm3 of oil equivalents or around 100 million barrels of oil equivalents where approx. 60% is gas to be sent to Europe via Kårstø.

Halten Øst is a subsea development with five bottom frames connected to established infrastructure on the Åsgard field, which provides good resource utilization with high value creation, low development costs and low CO2 emissions. The project is planned to be developed in two phases. Phase 1 with six wells in the period 2024-2025 and phase 2 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.

Partners
Equinor Energy AS 57.70% (operator), Petoro AS 5.90, Vår Energi AS 11.80, Spirit Energy AS 24.60

Facts
Halten Øst consists of the discoveries Gamma, Harepus, Flyndretind, Nona, Sigrid and Natalia and is a subsea development connected to the Åsgard facilities. Drilling of up to ten wells is planned. Gas and oil / condensate are sent on to Åsgard B for processing and oil and condensate are stored in Åsgard C for export by ship. Produced gas is sent through the Åsgard Transport gas pipeline to Kårstø and further on to Europe. Åsgard has been producing oil since May 1999 and gas since October 2000.
 

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