STAVANGER, Norway – Equinor has submitted a plan for development and operation (PDO) for the NOK4.7-billion ($473-milion) Verdande project in the Norwegian Sea.
This is a subsea tieback to the Norne FPSO, comprising the Cape Vulture and Alve North-East discoveries is water depths of 350-380 m. Equinor estimates the combined resources at 36.3 MMboe.
The development will employ a subsea template tied back vie a new pipeline to Norne, where the oil will be lifted by a tanker and the gas piped via the Åsgard Transport trunkline to Kårstø, western Norway.
Drilling should start in 4Q 2024, with start-up anticipated in late 2025.
Verdande will help extend the lifespan of the FPSO, which started operations in 1997, beyond 2026. Currently the vessel is connected to 15 subsea templates linked to 52 production and injection wells.
The development is named after Verdande, one of the three Norns (Fates) in Norse mythology that spin the threads of fate for humans and gods at the foot of Yggdrasil.