Record Fast-track Development
Wednesday 5 September 2018
On 2 September the Visund Nord IOR (improved oil recovery) project came on stream, two months ahead of schedule. The project has further been delivered with no serious HSE incidents and well below budget.
Visund Nord IOR is a subsea development with two new wells in a new subsea template, which is tied back to an existing template on Visund. The oil is piped via the existing template to the Visund platform.
The project provides 13.3 million new barrels of oil to the Visund field, 6% more than originally estimated. When the investment decision was made the costs were estimated at NOK 1.5 billion. During the execution phase they were reduced to NOK 1.3 billion.
Visund Nord IOR is a fast-track development focusing on simplification, standardisation and continous improvement throughout the project phase.
TechnipFMC, who also delivered Visund C, has been responsible for everything on the seabed through the EPCI contract, implying that the company has been in charge of engineering, procurement, construction and installation. The two wells were drilled by Odfjell Drilling’s Deepsea Atlantic drilling rig.
The project has now been handed over to the operations unit, providing 13.3 million new barrels of oil that will be produced via a field that will celebrate its 20th anniversary next year.
The Visund licence partners are: Equinor Energy A/S (operator) 53.2%, Petoro A/S 30%, ConocoPhillips Skandinavia AS 9.1% and Repsol Norge A/S 7.7%.
Visund Nord is a oil and gas field located 10 kilometres from the Visund A platform. The field is developed by means of a subsea installation with two wells and is tied back to the Visund A platform.
The Visund Nord volumes have been estimated at around 29 million barrels of oil equivalents.
Visund Nord started producing in November 2013.