Minister of Petroleum and Energy,
With good operational performance since the field came on stream in June and high oil and gas prices, the investments in the field are expected to be recovered in full during 2022.
'Martin Linge has been a very challenging project to put on stream. Thanks to competent colleagues, good suppliers, and good collaboration with our partner Petoro and the authorities, the field was efficiently and safely put on stream last year. The field is now producing very efficiently. With current prices, investments in the field will be recovered in full during 2022,' says
Since production started on
'I would like to thank the project and the organisation now operating the field for working hard to realise the project, and to deliver safe and efficient field operations every day,' says
The Martin Linge project encountered significant challenges in the development phase. Capital expenditures in the Martin Linge field totalled
The expected recoverable resources are about 260 million barrels of oil equivalent. At plateau the field will produce around 115,000 barrels of oil equivalent, mainly gas and condensate. The field is expected to reach plateau production during 2022.
Digital solutions provide early indications of potential failures in the facilities, enabling reduced operational costs and optimalization of energy consumption.
Due to power from shore the emissions from the field are low (about 1 kg of CO2 per barrel)
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