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North Sea Oil Giant to Prolong Life of 20 Offshore Platforms

Equinor, a Norwegian oil giant plans to extend the life of offshore platforms with a number of more than 20 in Norway.

On Thursday, the company said that authorities had given their approval for the life extension of 8 installations on the Norwegian continental shelf (NCS) for the past 3 years. The company added that they plan to apply for prolonging the life of all older and relevant installations by 2031 as well.

“Field life extension is an excellent way of managing resources, as it creates high value from established fields, where we cooperate with our suppliers on safe operation and lower emissions every single day. It also creates more activity offshore, in line with our ambition of pursuing our profitable and sustainable development of the NCS,” says Arne Sigve Nylund, executive vice president for Development and Production Norway.

With the offshore platform extensions going on, this could help thousands secure offshore and onshore jobs alike and contribute revenue to the society, owners and suppliers, according to Nylund.

Source: Oil and Gas People

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