Verdande subsea development, Norway
Photo by Equinor
Name of the Project
Verdande subsea development.
Location
In the Norwegian Sea, at water depths of 350 m to 380 m, about 300 km south-west of the City of Bodø, in north Norway.
Project Owner/s
Equinor Energy – operator (59.3 %), Petoro AS (22.4 %), Vår Energi ASA (10.5 %), Aker BP ASA (7%) and PGNIG Upstream Norway (0.8 %).
Project Description
Verdande, which comprises the Cape Vulture and Alve North-East discoveries, will be operated and maintained as an integrated part of the Norne production vessel.
The subsea development will provide good use of excess capacity on the Norne vessel, and its resources will contribute to an extended life span beyond 2026.
Potential Job Creation
The project could create close to 13 00 full-time job from 2023 to 2025.
Capital Expenditure
NKr4.7-billion (2022 value).
Planned Start/End Date
Drilling will start in the fourth quarter of 2024, and production in the fourth quarter of 2025.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Equinor, tel +47 51 99 00 00.
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