Equinor has received consent to continue its use of the Snorre A and Snorre B facilities, the Norwegian Petroleum Directorate (NPD) has revealed.
The agreement for continued use is to allow the Norwegian oil firm to “produce remaining resources from the field”.
Equinor had consent to use Snorre A until 1 May 2022 and Snorre B until 1 May 2021.
Remaining reserves in the Snorre field are estimated to be around 590 million barrels.
The field has produced 1929 million barrels of oil to date.
Snorre A, which began production in 1992, is a floating drilling moored to the seabed with tension legs, while the Snorre B facility, a semi-submersible integrated drilling and process platform began production in 2001.
In July, Equinor, formerly Statoil, announced it had gained approval for the development and operation (PDO) for the Snorre Expansion Project worth nearly £1.8 billion.
Approved by Ministry of Petroleum and Energy, it’s believed that the deal may increase recovery from the Snorre field by almost 200 million barrels and extend the field life beyond 2040.
The development is the biggest project undertaken in terms of “improved recovery” on the Norwegian North Sea.