Equinor and partners have made a final investment decision to develop the 200-million-barrel Breidablikk field in the Norwegian North Sea.
On behalf of Petoro, Var Energi and ConocoPhillips, Equinor will hand in a field development plan to the Norwegian Government today.
Breidablikk will produce with 23 wells from four subsea templates tied back to the Grane platform, which will be upgraded.
Equinor has dished out major contracts for the project.
Aker Solutions has won a £205 million deal to deliver four subsea templates and up to 23 subsea trees.
Project management and engineering will take place at Fornebu and Tranby, fabrication in Egersund and Sandnessjøen and service organisation in Agotnes.
In addition, there will be deliveries from the UK, Malaysia and Brazil.
Wood, of Aberdeen, will be paid £65m to install equipment on Grane so that it can receive oil from Breidablikk.
The engineering work will be performed in Sandefjord and the fabrication will take place in Stavanger.
Earlier this year, TechnipFMC won a contract for pipelaying in the Breidablikk project with options for subsea installation.
Oil will be transported through the Grane oil pipeline to the Sture terminal in Oygarden municipality for storage and shipping.
The field will be operated from Equinor’s Sandsli facilities in Bergen.
First oil from the field is scheduled for the first half of 2024.
Geir Tungesvik, Equinor’s acting executive vice president for technology, projects and drilling, said: “The Breidablikk field is one of the largest undeveloped oil discoveries on the Norwegian continental shelf.
“Field development will create substantial value for the Norwegian society and the owners.
“We are also pleased to award two key contracts today at a total value of £270m, including options.
“The contracts will contribute to important activity for the supply industry and secure jobs for many years.”