Norway is actively advancing the implementation of subsea connections in the oil and gas sector, which helps accelerate the development of new fields and reduce costs. Major operators such as Equinor plan to launch dozens of similar projects in the coming years, opening up new opportunities for contractors and strengthening the country's position in the global energy market.
Equinor and its partners have discovered a new oil field near Johan Castberg in the Barents Sea, with reserves estimated at up to 10.5 million barrels. They are considering connecting it to the existing infrastructure.
Norwegian company Equinor significantly exceeded analysts' profit expectations in the second quarter, driven by rising oil and gas prices as well as improvements in production processes. Output increased by 3%, while key projects and deals further strengthened the company's market position.
The Japanese corporation Marubeni has sold its stake in the Big Foot oil project to focus on expanding its business in the natural gas sector. The company is increasing its assets in this area, viewing gas as a key element in the energy transition.
Equinor has signed agreements with 18 contractors for well maintenance services worth approximately 17 billion Norwegian kroner, aiming to sustain production at 1.2 million barrels per day until 2035. Around 2,500 specialists will participate in these projects, and the new wells are expected to provide up to 70% of the company’s production by 2035.
Equinor has signed a contract for the design of the Atlantis gas condensate field and has launched the new Eirin gas field, further strengthening the development of the Norwegian continental shelf.
Petrus
