Fossil Energy – Snorre
Equinor and its partners have made a commercial oil discovery in the Snorre area in the North Sea.
The partnership has already planned for a rapid and cost‑effective development.
The well, drilled by the Deepsea Atlantic rig, has confirmed hydrocarbons. Preliminary volume estimate is between 25 and 89 million barrels of recoverable oil equivalents (4–14.2 million standard cubic metres).
“The discovery will be tied back quickly to existing subsea facilities and produced through the Snorre A platform. Near-field exploration is crucial for extending the lifetime of existing fields. Since most of the infrastructure has already been paid off, these are competitive barrels,” says Erik Gustav Kirkemo, senior vice president for the Southern Area in Exploration & Production Norway.
The Snorre field has been producing since 1992 and has continued to receive new volumes, most recently with the start‑up of the Snorre Expansion Project in 2020. This subsea development added 200 million barrels and extended the field’s lifetime beyond 2040. The new Omega South discovery can now be tied into this infrastructure, which also helps reduce the total development cost.
