Aker BP informs that manufacturing has began on schedule on the Frosk subject within the Alvheim space, solely 18 months after the submission of the Plan for Improvement and Operation (PDO).
“The Frosk venture has been delivered with prime quality, on time and inside funds by Aker BP’s venture crew in shut cooperation with our suppliers. This can be a nice instance of what we will obtain with the alliance mannequin, working as one crew with our suppliers in direction of a standard objective with shared incentives,” says CEO in Aker BP, Karl Johnny Hersvik. “Frosk can also be a superb illustration of how we will enhance the worth of our present fields by way of increased manufacturing and lifelong extensions in addition to decreased unit prices and emissions depth”.
The Frosk subject, operated by Aker BP, with Vår Energi as companion, is tied again to Alvheim FPSO within the North Sea through present subsea infrastructure and makes use of present capability within the processing services with solely a marginal enhance in energy consumption and CO2 emissions, Aker BP mentioned in its assertion.
The Frosk venture has been delivered throughout the preliminary funding estimate of round $230 million. Aker BP famous that recoverable reserves in Frosk are estimated at round 10 million barrels of oil equivalents (mmboe).
The Alvheim space is among the many most effective property on the Norwegian continental shelf, and the useful resource base has multiplied since start-up, the corporate mentioned. That is the results of focused exploration and reservoir growth, technological innovation and never least the distinctive collaboration with key suppliers beneath Aker BP’s alliance mannequin, the corporate added.
By way of the alliance mannequin, Alvheim advantages from continuity on rigs, vessels, services and personnel, the assertion reads. This can be a key success issue which permits for switch of learnings and steady enchancment in strategies and expertise from one venture to the following, it provides.
Frosk is the primary of three new subsea tie-back tasks to the Alvheim FPSO, with Kobra East & Gekko deliberate to return on stream early 2024 and Tyrving anticipated on stream in 2025, in accordance with Aker BP.
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