Aker BP & partners have submitted a total of ten Plans for Development & Operation and one Plan for Installation & Operation to Noreway’s Ministry of Petroleum and Energy. With total investments of more than NOK 200 billion in real terms, these Aker BP-operated oil and gas projects represent one of the largest private industrial developments in Europe.The development projects are grouped into four main areas. Yggdrasil (formerly NOAKA)This is the next large field development on the Norwegian shelf, located between Alvheim and Oseberg in the North Sea, and contains several discoveries with total recoverable resources of around 650 mmboe. New names will be used for licence groups and facilities. The development concept consists of an unmanned production platform to the north (Munin, formerly Krafla), a process platform with well bay area and living quarters (Hugin A, formerly NOA) to the south and a normally unmanned wellhead platform on Frøy (Hugin B) which will be tied back to Hugin A. Yggdrasil represents a comprehensive subsea development with a total of nine subsea templates. The plan calls for 55 wells in the area, which will be developed using power from shore. Until now, Equinor has been the operator for Krafla. Upon submission of the plan for development and operation, the field name is changed to Munin. Aker BP will take over as operator, and will hence be operator for the entire area in both the development and operations phases. Total investments are estimated at NOK 115 billion (real-2022 terms). Recoverable resources estimated at 650 mmboe. Production start planned in 2027. Licence partners are Aker BP, Equinor and LOTOS Valhall PWP – Fenris (formerly King Lear)This unitised development includes a new process and wellhead platform (PWP) bridge-connected to the Valhall field centre, and an unmanned wellhead platform on Fenris that will produce through a 50 km pipeline to Valhall PWP. Valhall PWP will have an essential role in the further development of the Valhall area. Gas production from Fenris will make a significant contribution to long-term and predictable gas supplies to Europe. Total investments estimated at NOK 50 billion (real-2022 terms). Reserves estimated at 230 mmboe. Production start planned in 2027. Licence partners are Aker BP, PGNiG Upstream Norway and Pandion EnergyThree developments in the Skarv area (Skarv satellite project)These developments include the Alve Nord, Idun Nord and Ørn gas and condensate discoveries in the northern part of the Norwegian Sea. The fields will be developed using subsea solutions connected to the production vessel on the Skarv field (Skarv FPSO). The developments will be carried out as a joint project – the Skarv satellite project (SSP). These developments will contribute to continued high production and an extended lifetime for Skarv FPSO. Total investments estimated at NOK 17 billion (real-2022 terms). Recoverable resources estimated at 120 mmboe. Production start planned in 2027. Licence partners are Aker BP, Equinor, PGNiG Upstream Norway and Wintershall DEAUtsira HighThree satellite projects will utilise capacity on Edvard Grieg and Ivar Aasen on the Utsira High in the North Sea. New names will be used for licence groups and facilities. Symra (formerly Lille Prinsen) will be a tie-in to Ivar Aasen while Solveig Phase 2 and Troldhaugen (formerly Rolvsnes) will be tied into the Edvard Grieg platform. For Solveig Phase 2, a report will be submitted to the MPE, rather than a separate PDO. Total investments estimated at NOK 21 billion (real-2022 terms). Recoverable resources estimated at 124 mmboe. Production start planned in 2026 / 2027. Licence partners are Aker BP, Equinor, Sval Energi, OMV and Wintershall DEA
Aker BP & partners have submitted a total of ten Plans for Development & Operation and one Plan for Installation & Operation to Noreway’s Ministry of Petroleum and Energy. With total investments of more than NOK 200 billion in real terms, these Aker BP-operated oil and gas projects represent one of the largest private industrial developments in Europe.The development projects are grouped into four main areas. Yggdrasil (formerly NOAKA)This is the next large field development on the Norwegian shelf, located between Alvheim and Oseberg in the North Sea, and contains several discoveries with total recoverable resources of around 650 mmboe. New names will be used for licence groups and facilities. The development concept consists of an unmanned production platform to the north (Munin, formerly Krafla), a process platform with well bay area and living quarters (Hugin A, formerly NOA) to the south and a normally unmanned wellhead platform on Frøy (Hugin B) which will be tied back to Hugin A. Yggdrasil represents a comprehensive subsea development with a total of nine subsea templates. The plan calls for 55 wells in the area, which will be developed using power from shore. Until now, Equinor has been the operator for Krafla. Upon submission of the plan for development and operation, the field name is changed to Munin. Aker BP will take over as operator, and will hence be operator for the entire area in both the development and operations phases. Total investments are estimated at NOK 115 billion (real-2022 terms). Recoverable resources estimated at 650 mmboe. Production start planned in 2027. Licence partners are Aker BP, Equinor and LOTOS Valhall PWP – Fenris (formerly King Lear)This unitised development includes a new process and wellhead platform (PWP) bridge-connected to the Valhall field centre, and an unmanned wellhead platform on Fenris that will produce through a 50 km pipeline to Valhall PWP. Valhall PWP will have an essential role in the further development of the Valhall area. Gas production from Fenris will make a significant contribution to long-term and predictable gas supplies to Europe. Total investments estimated at NOK 50 billion (real-2022 terms). Reserves estimated at 230 mmboe. Production start planned in 2027. Licence partners are Aker BP, PGNiG Upstream Norway and Pandion EnergyThree developments in the Skarv area (Skarv satellite project)These developments include the Alve Nord, Idun Nord and Ørn gas and condensate discoveries in the northern part of the Norwegian Sea. The fields will be developed using subsea solutions connected to the production vessel on the Skarv field (Skarv FPSO). The developments will be carried out as a joint project – the Skarv satellite project (SSP). These developments will contribute to continued high production and an extended lifetime for Skarv FPSO. Total investments estimated at NOK 17 billion (real-2022 terms). Recoverable resources estimated at 120 mmboe. Production start planned in 2027. Licence partners are Aker BP, Equinor, PGNiG Upstream Norway and Wintershall DEAUtsira HighThree satellite projects will utilise capacity on Edvard Grieg and Ivar Aasen on the Utsira High in the North Sea. New names will be used for licence groups and facilities. Symra (formerly Lille Prinsen) will be a tie-in to Ivar Aasen while Solveig Phase 2 and Troldhaugen (formerly Rolvsnes) will be tied into the Edvard Grieg platform. For Solveig Phase 2, a report will be submitted to the MPE, rather than a separate PDO. Total investments estimated at NOK 21 billion (real-2022 terms). Recoverable resources estimated at 124 mmboe. Production start planned in 2026 / 2027. Licence partners are Aker BP, Equinor, Sval Energi, OMV and Wintershall DEA
