Production from the Equinor-operated Askeladd West field in the Barents Sea has started. Askeladd West will make an important contribution to maintaining the production level of the Snøhvit field.
The Askeladd West subsea gas field is an important step in the further development of the Snøhvit field. This highly profitable project expands the gross recoverable reserves by around 15 billion standard cubic meters of gas and will
and will ensure full utilization of the LNG plant in Hammerfest in the coming years.
Torger Rød, COO at Vår Energi $VAR (+0,27%)said:
"We congratulate Equinor on the safe and successful start-up of Askeladd West. The field will add reserves of around 11 million barrels of oil equivalent net to Vår Energi and further strengthen our position as a major player in the Barents Sea. Norway is an important gas supplier to Europe and Vår Energi plays a significant role as one of the country's largest gas exporters."