Equinor Starts Up Major $7.7B Oil Field In UK North Sea

16/08/2019 08:37 Oil Market

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Norwegian energy giant Equinor announced on Thursday first oil from the Mariner oil field in the UK North Sea whose start-up has been delayed twice over the last year due to technical issues.

Mariner’s operator Equinor and its partners began oil production from the field which is estimated to have a total of 3 billion barrels of oil in place and which took gross investments of more than US$7.7 billion to develop.

 

Production at Mariner is expected to average around 55,000 barrels of oil per day (bpd) and up to 70,000 bpd at peak production, the Norwegian oil and gas major said.

Source: oilprice.com

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