- Verdande subsea field began production on 2 December, tied back to Norne FPSO.
- The field holds 36 million barrels of oil, extending Norne's production beyond 2030.
- Verdande's development cost over NOK 6 billion, benefiting the Norwegian supplier industry.
- The field includes Cape Vulture and Alve Nord East discoveries, developed with three wells.
Verdande Field Development
On 2 December, production commenced from the Verdande subsea field in the Norwegian Sea, which is connected to the Norne FPSO. The field, with reserves of 36 million barrels of oil, is expected to extend Norne's production capabilities beyond 2030.
Investment and Economic Impact
The development of Verdande involved an investment of over NOK 6 billion. This project has generated significant economic benefits for the Norwegian supplier industry, highlighting the importance of efficient field developments.
Infrastructure and Resource Management
The Norwegian continental shelf is evolving, with many smaller subsea fields being tied back to existing infrastructure. This strategy reduces costs and environmental impact while maximizing resource recovery. Verdande, primarily an oil field with some associated gas, includes the Cape Vulture and Alve Nord East discoveries, proven in 2017 and 2020, respectively. It has been developed with three wells connected to the Norne field via a pipeline.
Strategic Developments
So far, six subsea fields, including Andvare and Verdande, have been tied back to the Norne FPSO. This approach extends the lifetime and value creation of Norne operations, supporting over 900 full-time equivalents. By focusing on smaller discoveries around established fields, the strategy ensures efficient resource management and socio-economic benefits.
