Barents Sea Pipeline
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Barents Sea Pipeline (also referred to as the Askeladd Vest Development pipeline) is a proposed gas pipeline in Norway's Barents Sea.
The Barents Sea Pipeline is a proposed pipeline that would bring oil from Askeladd field, Snøhvit field, Albatross to Hammerfest, Norway.
- Operator: Gassco
- Owners: Equinor ASA, Petoro AS, Total E&P Norge, Neptune Energy Norge, Wintershall Dea Norge
- Parent: Equinor, Petoro, Total E&P Norge, Neptune Energy, Wintershall
- Current capacity:
- Length: 195 km / 115 mi
- Status: Proposed
- Cost: $384 million
- Start Year: 2024
The Barents Sea Pipeline is a part of the Snøhvit development. The development consists of two fields that are already producing: the Snøhvit and Albatross. The Askeladd field is the third discovery part of the Snøhvit development, which will be contributing to maintaining a full capacity utilisation at Melkøya LNG plant, outside the Norwegian city of Hammerfest. When developed, the Askeladd and Snøhvit total length of 195 km constitutes a world record of the longest subsea to shore tie-back distance.
Industry officials expect the cost of a full-fledged Barents pipeline to range from 10 billion to 30 billion Norwegian crowns, equivalent to $1.9-billion to $5.4-billion. Although the pipeline was first proposed in 2011, there had been no development updates until 2021, when a final investment decision was taken by Gassco (Norwegian pipeline TSO) and Equinor, along with associated partners.
Once developed, the project is estimated to deliver enough gas reserves to keep the Hammerfield LNG plant at Snohvit producing at plateau capacity for an additional two years beyond its currently expected lifespan.
Articles and resources
- FEED study on new pipeline in the Barents Sea Ramboll, July 7, 2018
- "Equinor Greenlights $380M+ Barents Sea Development". www.rigzone.com. Retrieved 2022-07-18.
- "Equinor issues contracts for Askeladd Vest tieback in the Barents Se". Offshore Magazine. Apr 23rd, 2021. Retrieved Jul 18th, 2022. Check date values in:
- Nermina Kulovic (2021-04-23). "Equinor and partners to invest $384 million in Barents Sea project". Offshore Energy. Retrieved 2022-07-18.
- LNG Prime Staff (2021-04-23). "Equinor takes FID on Askeladd project to secure more gas for Hammerfest LNG". LNG Prime. Retrieved 2022-07-18.
- Arnes Biogradlija (2021-04-23). "Askeladd Vest development starts in Barents Sea -". Retrieved 2022-07-18.