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.
Oil-Production Costs Reach New Lows, Making Deepwater One of the Cheapest Sources of Novel Supply
In an updated projection, Rystad said that a breakeven of only $50/bbl is needed to produce 100 million BOPD in 2025, reflecting the reduction in oil-production costs.
TechnipFMC Joins Breidablikk Development With EPCI contract
The EPCI contract for the Breidablikk development includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work. About 70% of the value creation in the Breidablikk development phase is expected to go to Norwegian companies.
Equinor Awards Wood $75-Million Contract To Support Mariner Field Development
The latest agreement between Wood and Equinor will begin January 2021. The contract follows recent agreements between the two companies for the Breidablikk development in the Norwegian Continental Shelf.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
13 October 2020
09 October 2020
09 October 2020