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Equinor, partners produce 1st gas at Aasta Hansteen gas field

Norwegian exploration and production company Equinor and its partners produced the first gas at the Aasta Hansteen field on the Norwegian continental shelf.

The gas is produced from seven wells in three subsea templates. The field development consists of a floating platform with a vertical cylindrical substructure moored to the seabed.

Equinor said the Aasta Hansteen field and the 482-kilometer pipeline from the field to Nyhamna has the capacity to accommodate new discoveries. The other potential discovery, Snefrid North, is already under development and will come on stream near the end of 2019.

The recoverable resources at Aasta Hansteen, including Snefrid North, are estimated at 55.6 billion standard cubic meters of gas and 0.6 million standard cubic meters of condensate, or 353 million barrels of oil equivalent. It is expected to produce about 23 million standard cubic meters of gas per day at plateau.

Equinor is the operator of the field and holds a 51% interest. Wintershall Norge AS holds a 24% stake, OMV (Norge) AS owns 15%, and ConocoPhillips Skandinavia AS holds 10%.

The Aasta Hansteen project has cost about 37.5 billion Norwegian kroner.

As of Dec. 14, US$1 was equivalent to 8.63 Norwegian kroner.