Wisting is a conventional oil development located in deepwater in Norway and is operated by Equinor Energy. Discovered in 2013, Wisting lies in block 7324/7P (PL 537) and 7324/8P (PL 537), with water depth of around 1,319 feet.
The project is currently in feed stage and is expected to start commercial production in 2028. Final investment decision (FID) of the project will be approved in 2022. The development cost is expected to be $8,636 m. The Wisting conventional oil development will involve the drilling of approximately 34 wells and includes FPSO, subsea manifold, and subsea trees.
Field participation details
The field is owned by Lundin Energy, Equinor, Inpex, Idemitsu Kosan and Petoro.
Production from Wisting
Production from the Wisting conventional oil development project is expected to begin in 2028 and is forecast to peak in 2031, to approximately 1,19,289 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2053.
Remaining recoverable reserves
The field is expected to recover 437.36 Mmboe, comprised of 437.36 Mmbbl of crude oil & condensate.
Contractors involved in the Wisting conventional oil field
Some of the key contractors involved in the Wisting project as follows.
Design/FEED Engineering: Aker Solutions
EPC Contractors: Apply
Other Contractors: Aibel, Apply, IKM Gruppen, Island Drilling and KBR
About Equinor Energy
Equinor Energy AS (Equinor Energy) is a wholly-owned subsidiary of Equinor ASA. The company provides oil and gas exploration and production services. It extracts, refines, and transports natural gas, crude oil, and wind power for manufacturing of synthetic fabrics, plastics, asphalt, cosmetics, and medicines. Equinor Energy is headquartered in Stavanger, Norway.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.