ABERDEEN, UK – Equinor and its partners have selected a concept for developing six discoveries in a joint unitization project on Haltenbanken in the Norwegian Sea.
The Haltenbanken East project will be developed as a unit between four different licenses and comprises six discoveries and three prospects with a combined volume in the order of 100 MMboe, mostly gas.
Gunn Gadeholt, Asset Manager at Spirit Energy, said: “These discoveries were basically considered stranded assets – it would not have been economically viable to develop any of them on their own. The unitization approach will unlock the potential and deliver value both in the development – and production phases of the project. It’s a smart solution that we and our partners can be proud of.”
The project is planned to be executed in two phases. The first will consist of drilling of six wells to five of the discoveries. The second phase includes the last discovery and three prospects, planned to be drilled as side tracks from existing wells.
Gadeholt said the partners will now work to mature the project toward a final investment decision and a plan for development and operations to the Norwegian authorities.
Equinor is the operator and holds 57.7% interest. Its partners are Spirit Energy (11.8%), Vår Energi (24.6%), and Petoro (5.9%).