Equinor has begun production at the Snefrid Nord gas field in the Norwegian Sea (Norway), with 4.4 bcm in recoverable resources. The field is tied up to the Aasta Hansteen field which came on stream in December 2018 and is estimated to hold 55.6 bcm of recoverable gas reserves (with plateau production is forecasted to reach 23 mcm/d (144,000 boe/d)). Snefrid Nord required around NOK1.2bn (US$132m) in investment for development and was delivered into operation ahead of schedule (estimated at end-2019). The field was discovered in 2015 and will produce 1.4 bcm/year on plateau. The field is operated by Equinor with a 51% share, while Wintershall Dea holds a 24% share, OMV 15% and ConocoPhillips Skandinavia 10%.
Earlier this week Equinor received authorisation by the Norwegian Petroleum Directorate to begin operations at the Johan Sverdrup oil field in North Sea. Johan Sverdrup is the largest field development on the Norwegian continental shelf (NCS) since the 1980s, with recoverable reserves estimated at 2.7 Gboe. About 95% of this is oil, 3% is dry gas and the rest is NGL (Natural Gas Liquids).