Statfjord A Platform To Be Decommissioned in 2022
After producing for 43 years, the Statfjord A platform will cease production in 2022. The topside will be dismantled and recycled at Kvaerner's Stord yard in Norway, where it was built in the 70s. The Allseas Pioneering Spirit, the world’s largest heavy-lift vessel, will remove the 48,000-tonne topside in one single lift. The platform is one of the oldest on the Norwegian continental shelf. Originally scheduled to be decommissioned in 1999, its lifespan was extended several times.
A New Offshore Investment Cycle Is in the Making
The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.
Equinor Plans Extension of Statfjord Field
The plan will extend production of the largest field on the Norwegian Continental Shelf to 2040, while also deferring plans to decommission the Statfjord A platform. Statfjord A was originally scheduled to be decommissioned in 2022.
Senegal Approves Woodside’s Sangomar Project
The approval clears the way for final investment decision on the offshore project, which includes a standalone FPSO expected to have a production capacity of 100,000 B/D. First oil is targeted for 2023.
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