Norwegian oil and gas company Aker BP has marked one year of production from its operated Ivar Aasen development located offshore Norway.
Discovered in 2008, the Ivar Aasen field is located in the northern part of the North Sea, about 175 km west of Karmøy. The water depth is about 110 meters. It contains around 186 million barrels of oil equivalent (boe).
The field started oil production on Christmas Eve, December 24, 2016, four years after the Plan for Development and Operation (PDO) was submitted to the Norwegian authorities.
Following the start of production in December 2016, Norwegian Minister of Petroleum and Energy Terje Søviknes officially opened the Ivar Aasen field on February 13.
It was developed as a stand-alone platform for partial processing and water conditioning and injection, with transfer of the multiphase hydrocarbon mixture through two pipelines to the neighboring Edvard Grieg field for final processing and export.
According to its operator, the economic life of Ivar Aasen field may be 20 years, depending on oil prices and production development.
The partners in the field are Aker BP with 34.7862% interest, Statoil with 41.4730%, Bayerngas Norway with 12.3173%, Wintershall Norway with 6.4651%, VNG Norway with 3.0230%, Lundin Norway with 1.3850%, and Okea with 0.5540% interest.
Offshore Energy Today Staff