The licenses on the Statfjord field in the North Sea receives the Norwegian Petroleum Directorate’s award for improved recovery (the IOR award) for utilizing a number of IOR measures that contribute to the world-class recovery rate.
The rights holders at the Statfjord-field i the North Sea, now represented by Equinor (operator) and Vår Energi, has over a long time demonstrated an excellent ability to use technology for increased recovery from the field. Statfjord has been pioneers on the Norwegian Continental Shelf and a wide range of measures has been implemented to increase recovery. This has resulted in a world-class degree of recovery and an almost 40-year extension of the projected production lifetime for the Statfjord field, compared with the original plan.