🔔 It´s official: Draugen is ready for 2040!
Field life extension is an excellent way of maximising our resources and creating high value from existing infrastructure.
Our first own-operated asset, Draugen, has outlasted most expectations for three remarkable decades.
❓Did you know that:
When Draugen came on stream on October 19, 1993, the projections were clear – production would cease around 2013 ❗
However, technological advancements combined with industry expertise have demonstrated the potential of the Draugen field.
On Friday, March 8th, the Norwegian Ministry of Energy approved the extension of Draugen until December 31, 2040👏👏👏
“This is the result of several years of work on extending the lifespan of Draugen, which has involved all parts of the OKEA organisation. We will continue to invest in new technologies, new ways of working, and, last but not least, new projects. The future for Draugen is promising”, says Kirsti Berg Flatval, Asset Manager for Draugen.
The conditions for approval include preparing a report on the possibilities for EOR (Enhanced Oil Recovery) measures on Draugen, as well as ensuring resource management for the potential satellites, Springmus East and Garn West South, in addition to maturing other prospective areas, together with our license partners.
With this, the Draugen story of performance, progress, and promise continues📈
Petoro
M Vest Energy AS
#operationalexcellence
Installation Superintendent at Oceaneering International
3moBest of luck Gurjot Singh 👏👏