Verdande secures important oil volumes for Norne

[03.12.2022]
The partnership has submitted a plan for development and operation (PDO) for Verdande to the Ministry of Petroleum and Energy.
Verdande is a subsea development that helps secure oil volumes for the Norne production vessel. Norne will then have an economic production beyond 2026. The volumes from Verdande consist of the discoveries Cape Vulture and Alve Nordøst, which were proven in 2017 and 2020 respectively. Altogether, the development amounts to 36.3 million barrels of recoverable oil equivalents.

The development will consist of well-known technology similar to what we find in other satellite developments in the Norne field area. Verdande will be run as part of Norne, including all activities at the supply base in Sandnessjøen, the helicopter base in Brønnøysund and local contributions from engineering services and fabrication.

Verdande is located 7.5 kilometers north-west of Norne and it is planned for three production wells.

Production start for the field is planned for the 4th quarter of 2025.

Licensees in Verdande: Equinor Energy AS – operator - (59.3 %), Petoro AS (22.4 %), Vår Energi ASA (10.5 %), Aker BP ASA (7.0 %), PGNIG Upstream Norway AS (0.8%).
 

Other news

3000 billion kroner from the SDFI since 2001
[11.03.2024] - Press Release Petoro 2023 results
3000 billion kroner from the SDFI since 2001
Read more
3000 billion kroner from the SDFI since 2001 - 2024-03-11 10:00
Continued strong cash flow despite lower gas prices and maintenance
[07.11.2023] - Press release - Third quarter 2023
Continued strong cash flow despite lower gas prices and maintenance
Read more
Continued strong cash flow despite lower gas prices and maintenance - 2023-11-07 10:00
Petoro delivered NOK 180 billion to the state in the first half of 2023
[02.08.2023] - Press release - Second quarter 2023
Petoro delivered NOK 180 billion to the state in the first half of 2023
Read more
Petoro delivered NOK 180 billion to the state in the first half of 2023 - 2023-08-02 10:00
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State
[09.05.2023] - Press release - First quarter 2023
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State
Read more
Strong cash flow continues in the first quarter - Petoro delivered 117 billion to the State - 2023-05-09 10:00
528 billion to the Norwegian state in 2022 - a year of exceptions
[14.03.2023] - Press Release Petoro 2022 results
528 billion to the Norwegian state in 2022 - a year of exceptions
Read more
528 billion to the Norwegian state in 2022 - a year of exceptions - 2023-03-14 10:00
New development plan for Snøhvit delivered
[21.12.2022]
New development plan for Snøhvit delivered
Read more
New development plan for Snøhvit delivered - 2022-12-21 14:00
Plan for Dvalin North gas field submitted
[13.12.2022]
Plan for Dvalin North gas field submitted
Read more
Plan for Dvalin North gas field submitted - 2022-12-13
Verdande secures important oil volumes for Norne
[03.12.2022]
Verdande secures important oil volumes for Norne
Read more
Verdande secures important oil volumes for Norne - 2022-12-06 11:00
Irpa in the Norwegian Sea will secure more gas to Europe
[22.11.2022]
Irpa in the Norwegian Sea will secure more gas to Europe
Read more
Irpa in the Norwegian Sea will secure more gas to Europe - 2022-11-22
PDO for Maria phase 2
[15.11.2022]
PDO for Maria phase 2
Read more
PDO for Maria phase 2 - 2022-11-15