Equinor and partners begin production from Norwegian Sea’s Trestakk field

17/07/2019 08:32 Oil Market

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Equinor Energy and its partners ExxonMobil and Vår Energi have started production from the Trestakk field in the Norwegian Sea on time and under budget.

The original investment estimated for the Trestakk field development was NOK5.5bn (£520m) when the project was approved by the Norwegian authorities in 2017. Equinor said that the final costs for the on field start-up are likely to be NOK5bn (£470m).

 

The oil and gas field, which is contained in Block 6406/3, and in production license PL091, is located nearly 20km southeast of the producing Åsgard field. Trestakk has been tied back to the Åsgard A floating production vessel for processing and gas injection.

 

The offshore Norwegian field is expected to yield about 22,000 barrels of oil per day. Its peak production will be nearly 44,000 barrels of oil per day with production expected to be sustained for 12 years.

Source: nsenergybusiness.com

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