Name of the Project
Wisting oilfield development.

Location
Hoop area of the Barents Sea, about 310 km from the Norwegian mainland.

Project Owner/s
The licensees are Equinor (35%), OMV (Norge) (25%), Petoro (20%) and Idemitsu Petroleum Norge (20%).

Project Description
Wisting is a considerable oilfield in the Barents Sea.

The Wisting discoveries are estimated to contain more than one-billion barrels of oil, and an estimated 300- to 500-million barrels of recoverable resources. 

A floating production unit based on a circular FPSO (floating production, storage and offloading) solution is being assessed for the project.

Potential Job Creation
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
An investment decision is expected at the end of 2022.

Latest Developments
Contracts for the concept studies to further progress the project development towards a final concept select decision have been awarded.

Key Contracts, Suppliers and Consultants
Aker Solutions, KBR, Sevan SSP and Aibel (FPSO) and Aker Solutions, TechnipFMC, OneSubsea Processing, IKM Ocean Design and Kongsberg Maritime (subsea production and processing equipment, umbilical, risers and flowlines).

Contact Details for Project Information
Equinor, tel +47 51 99 00 00.
Petoro, tel +47 51 50 20 00 or email post@petoro.no.
OMV, tel +47 52 97 70 00 or email omvnorge@omv.com.
Idemitsu Petroleum Norge, tel +47 23 25 05 00.