boepd in A Sentence
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The company expects its global, deep-water production to exceed 900 000 Boepd by 2020, from already discovered, established areas.
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2
The acquisition increases Equinor's interest in the field to 46% percent, giving it an additional 15,000 barrels of oil equivalents per day(Boepd).
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It expects to produce about 300,000 Boepd in 2019 and more than 350,000 Boepd in 2023 following nearly $7 billion planned investment in development projects across the region.
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Pro forma production in 2019 is expected to increase to over 185,000 Boepd, driven by the active drilling and development programs across the company's existing and newly acquired assets.
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Sitting on about 1.9 billion boe total reserves and resources, Vår Energi said it aims to organically grow its current 300,000 Boepd production to about 350,000 Boepd by 2023.
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During the first stage of development, Sverdrup is expected to produce up to 440,000 barrels of oil equivalents per day(Boepd), while the second phase, scheduled to start in 2022, is expected to boost output to 660,000 Boepd.
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