Equinor Energy AS submitted a plan to the Norwegian Ministry of Petroleum for tieback of Verdande field in the Norwegian Sea to the nearby Norne FPSO.
The field is about 300 km southwest of the city of Bodø in North Norway and includes Cape Vulture and Alve North-East discoveries in 350-280 m of water. It will be developed with three wells connected via subsea tieback to the FPSO at Norne field. Oil will be transported by a tanker and the gas will be piped via Åsgard Transport to Kårstø.
According to the plan for development and operation (PDO), drilling is expected to start in fourth-quarter 2024, and production will launch a year later. The development start is dependent upon approval of the PDO.
Verdande has estimated recoverable reserves of 36.3 MMboe. Total investment at Verdande will be NOK 4.7 billion.
Equinor is operator of the Verdande license (59.3%) with partners PGNiG Upstream Norway (0.8%), Petoro (22.4%), Vår Energi (10.5%), and Aker BP (7%).