Green light for Equinor’s $2.2 billion project in North Sea

Posted on: 13 August 2021

Equinor’s plan for development and operation (PDO) of the Breidablikk field in the North Sea has been approved by Norwegian authorities.

Equinor and its partners Petoro, Vår Energi, and ConocoPhillips Skandinavia submitted the development plans for the area to the authorities in September 2020. The estimated recovery from the field is around 200 million barrels of oil.

Field investments are approximately NOK 18.6 billion ($2.2 billion). Equinor said on Tuesday that the production from the field is scheduled to start in the first half of 2024.