Green light for the Breidablikk project in the North Sea

It is estimated that it is possible to extract 180 million barrels of oil from the field, which will be ready for start-up in 2024.

The field is located approximately 185 kilometers west of Stavanger. If the field is to increase, the oil price must be at least 31.7 dollars, writes E24.

Minister of Petroleum and Energy Tina Bru (H) says in a press release that projects such as Breidablikk contribute to utilizing already established infrastructure, maintain production, value creation and employment, and that they increase the recovery rate on the shelf.

Connected to the Grane platform

The project consists of an extensive subsea facility that will be connected to the Grane platform, which has been producing for almost 20 years.

Minister of Petroleum and Energy Tina Bru (H). Photo: Torstein Bøe / NTB

– The Breidablikk project will need significant deliveries of goods and services from Norwegian business and industry and will thus provide new value creation and valuable employment effects both in affected Norwegian companies and in Norwegian society in general, says Bru.

The licensees are Equinor (operator), Petoro, Vår Energi and ConocoPhillips Scandinavia. Equinor states in a press release that around 70 percent of the contracts will go to suppliers in Norway.

MDG criticizes the Liberal Party

Lan Mare Berg and MDG are critical of the fact that the government has given the green light to the project. The shot is aimed especially at the Liberal Party.

– The international energy agency, the oil industry’s own analysis office, says that there is no need to look for more oil and gas. Yet everything continues as before. I do not understand how the Liberal Party can accept to let the Conservatives, the Labor Party and the oil lobby dictate oil policy and negotiate the future of our children to be allowed to sit around the King’s table, Berg tells NTB.

In May, the International Energy Agency (IEA) stated that there is no room for any new oil or gas fields if the 1.5-degree target is to be reached.

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