Visund Nord onstream in the North Sea
The Visund Nord IOR (improved oil recovery) project in the Norwegian North Sea, is now onstream below budget and two months ahead of schedule. Equinor completed this feat in 21 months from the time the license partners chose the concept until production started. Equinor claims the project will be profitable even with an oil price well below the current level. TechnipFMC provided and installed the new subsea facilities under an EPCI contract, with Odfjell’s semisub Deepsea Atlantic drilling the wells.