Equinor and its partners in the Statfjord area have identified and approved plans to extend production from the field towards 2040. A new business plan will ensure even higher use of resources, extract more value from the field, and allow plans for decommissioning Statfjord A in 2022 to be deferred.
Equinor and its partners have therefore resolved a new, ambitious business plan for the Statfjord main field and satellite fields.
Statfjord A was scheduled for decommissioning in 2022, however, the field life will now be extended to 2027. The lives of Statfjord B and C will be extended beyond 2035, continuing to create high value from the field and securing profitable jobs.
The new plan calls for extending Statfjord production by maturing new reserves for recovery and making necessary upgrading of the platforms, strongly increasing field activity.
While new wells and extended production will increase revenue, Equinor will continue to improve operations to keep costs at a low level. In order to strengthen the Statfjord field, the operations will be reorganized and a new late life unit will be established in Equinor.