trending Market Intelligence /marketintelligence/en/news-insights/trending/wfmtr3n57t9gwwih7itnog2 content esgSubNav
In This List

Equinor's Visund Nord oil recovery project comes online ahead of schedule

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022

Blog

Insight Weekly: Reviving nuclear power; 2023 outlook for US financials; PE funds fuel EV sector


Equinor's Visund Nord oil recovery project comes online ahead of schedule

Equinor's Visund Nord improved oil recovery project has come on stream two months ahead of schedule, the company said in a Sept. 5 news release.

The Visund Nord oil recovery project is comprised of two new wells in a new subsea template, which is tied back to an existing template on Visund. The oil is piped via the existing template to the Visund platform.

The project provides 13.3 million barrels of oil to the Visund field, which is 6% more than originally estimated.

"The project has a competitive break-even price and will be profitable even with an oil price well below the current level," project director Tone Kristin Børslid said.

With a 53.2% stake, Equinor Energy AS serves as operator of Visund Nord. Petoro AS has a 30% interest, while ConocoPhillips Skandinavia AS holds a 9.1%, and Repsol Norge AS has a 7.7% in the project.