Equinor awards four-well contract for Statfjord Ost
Norwegian energy company Equinor said October 7 it gave COSL Offshore Management a $56mn deal to drill into the Statfjord Ost oil and gas field
A four-well drilling campaign is set to begin in early 2023 and last for approximately 220 days. Equinor said that COSL had made commitments to lessen the environmental impact of its offshore campaign.
“We are pleased that COSL assumes responsibility for the fuel consumption, and they are working on several technologies and measures to reduce their emissions,” Equinor’s chief procurement officer Mette Ottoy said. “This work will be important to us going forward.”
Equinor was among the first major oil and gas companies to launch a rebranding campaign in a shift to reduce its environmental footprint. Norway itself relies on renewable resources and the government, an Equinor stakeholder, said last month it was soliciting applications for the development of two new CCS sites on its continental shelf, setting December 9 as the deadline.
Statfjord Ost was discovered in 1977 and brought into production in 1994. Output peaked in the late 1990s and the field is now mature, although it still flows commercial volumes of oil and gas.