The Skarv project, involving a new floating production storage and offloading (FPSO) vessel in the Norwegian Sea, is expected to produce for 25 years and to be a key hub for BP in Norway. The Valhall re-development project involves the installation of a new platform, extending production from the field out to 2050. With the start-up of Skarv and Valhall redevelopment, BP’s Norwegian production is expected to more than double, to over 60,000 barrels of oil equivalent per day. “These investments, together with our continuing operation of the Ula field, underline our long term commitment to Norway.” “BP is a significant investor in Norway and is in the final stages of completing two major projects, the Skarv field and the re-development of the Valhall field, which will greatly increase our production from the country,” said Rebecca Wiles, managing director of BP Norway. The agreement is a further example of BP’s active management of its portfolio in the North Sea, focusing investment on high value assets with long term growth potential, while realising the value of non-core assets.
The SURF scope comprises approximately nine kilometers of pipe-in-pipe flowline and associated structures in water depths of approximately 250 meters, Subsea 7 said.BP announced today that it has agreed to sell its 18.36 per cent non-operated interest in the Draugen field in the Norwegian Sea to AS Norske Shell for $240 million in cash. The Hasselmus project sits seven kilometers north west of the Draugen platform in the southern Norwegian Sea. Subsea 7 said that the project work scope awarded to Subsea Integration Alliance covered the engineering, procurement, construction, and installation (EPCI) of the subsea production systems (SPS) and subsea pipelines (SURF) for the subsea well with direct tie-back to Draugen production platform. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million. It is a single well subsea development solution with tie-back to the Draugen platform.Įarlier on Thursday, Subsea Integration Alliance, a Subsea 7 - OneSubsea partnership, also announced a 'sizeable' contract for the Hasselmus gas field development with OKEA. The Hasselmus field is located 145 kilometers north of Kristiansund in the Norwegian Sea. The work starts immediately and is scheduled to be completed at the end of 2023. The 190 work-years contract will be executed from Norway with prefabrication work in Egersund, engineering, procurement and project management in Trondheim and Kristiansund and other services offshore. Our efficient and flexible execution model will ensure minimum interruption of the ongoing production," said Linda Litlekalsøy Aase, executive vice president and head of Aker Solutions’ electrification, modifications and maintenance business. Aker Solutions has a strong and dedicated team with proven experience in delivering offshore modifications, safely and with top quality. "We look forward to working with OKEA in this project. The scope covers hook-up of the new riser, a new inlet arrangement with electrical heater, new inlet scrubber, valve arrangement, revamp of gas export compressors and modifications of the condensate train.
The contract includes engineering, procurement, construction, installation, and commissioning (EPCIC) of new equipment.Īker Solutions said the contract was a sizeable one, meaning it's worth between NOK 200 million ($23,2 million) and NOK 700 million ($81,2 million). Norwegian oilfield services giant Aker Solutions has won a contract from the Norwegian oil firm OKEA to modify the Draugen offshore platform to enable the processing of gas from the Hasselmus discovery which will be tied into the platform.