Norway Approves Valhall West Flank Startup for Aker
Aker BP now has the go-ahead to start up its Valhall West Flank facility in the North Sea, as the Norwegian Petroleum Directorate (NPD) granted permission for the facility to begin operations this fall.
The 12-slot unmanned facility is a further development of the Valhall field, located in 70-m water depth. It will be remotely controlled from the main Valhall field center, from which it will be connected via a 4-km tieback, including an umbilical and riser system. It is expected to target the Tor formation on the western flank of the Valhall field, which is owned by Aker BP and Hess. Aker BP expects to recover around 60 million BOE from the least developed area of the Valhall field, boosting the field’s recovery rate from 27% to 40%.
“Valhall West Flank is an important measure for further exploitation of the resources in a mature field,” said Tove Francke, the NPD’s assistant director for development and operations, North Sea South.
The West Flank topsides were successfully installed on the field on 22 June, 14 months after the first steel was cut at Kvaerner’s yard in Verdal. The NPD said Aker BP and its partners are investing an estimated NOK 5.4 billion (approximately $600 million) on the project, according to the submitted Plan for Development and Operation.
Valhall started up in 1982, seven years after its discovery. The field surpassed 1 billion BOE produced in 2017, after which Equinor said it plans to produce an additional 500 million BOE over the remainder of the field’s lifetime. The Flank developments are identified unmanned wellhead platforms located between 4 and 6 km from the existing Valhall facilities, where the well streams are processed. The South Flank began production in 2003, and the North Flank came on stream the following year.
Campos Basin-Bound Vessel Sets Sail From Texas
The BigRoll Bering was spotted leaving Corpus Christi, Texas, on 17 November, headed for the Peregrino heavy-oil field offshore Brazil. Drilling modules and a flare boom are being transported for the field’s Phase 2 development.
Equinor Contracts Inspection Services for All Offshore Installations and Onshore Plants
Equinor has chosen four suppliers for inspection services on all offshore installations on the Norwegian Continental Shelf and onshore plants in Norway. The frame agreements, estimated at $383 million, are scheduled to be signed soon.
Offshore OFS Market Poised for Massive Boost in Southeast Asia
A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield service space by almost 70% in 2020. The growth will be driven by a handful of new megaprojects across Malaysia, Myanmar, and Vietnam, according to recent project commitments.
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06 November 2019
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