Aker BP's Ivar Aasen project has won approval to start production in early December from the Norwegian Petroleum Directorate (NPD), the agency announced today (24 October).
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Illustration of Ivar Aasen, from Aker BP. |
The North Sea field was developed with a production facility resting on the seabed at a water depth of 110m. Oil and gas from Ivar Aasen will undergo final processing on the Edvard Grieg field. Edvard Grieg will also cover Ivar Aasen’s power demand until a joint solution for power from shore is established for the Utsira High.
The development has been on track for a Q4 start. In June, the deck set sail from Singapore to Norway. By late July, the 15,000-tonne topside were installed on the jacket, in two lifts using the Saipem 7000, on the Norwegian Continental Shelf. A video of the installation was released in early August.
The NPD says that the recoverable reserves from Ivar Aasen are estimated at 23.3 MMcm of oil, 4.4 Bcm gas and 0.9 million tonne of NGL. The reserves from the nearby Hanz field will come in addition when this is phased in when capacity becomes available on the Ivar Aasen installation.
Data from appraisal and development wells drilled after the submission of the plan for development and operation (PDO) led to an increase in the estimate of recoverable volumes and volumes in place.
The investment costs for the development amount to US$3.2 billion (NOK 26.9 billion), in line with the estimate in the PDO.
“The NPD is very satisfied that both the schedule and budget are on target,” says Tove Francke, assistant director in development and operation in the Norwegian Petroleum Directorate.
The company Det norske was the operator of the development, which comprises production licenses 001 B, 242, 338 BS and 457 BS.
Det norske merged with BP earlier this year, becoming Aker BP.
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