Var Energi ASA stated Tuesday it had accomplished a mission to allow low-pressure manufacturing in Gjoa on Norway’s facet of the North Sea, growing the sector’s output to 41,000 barrels of oil equal a day (boed).
Manufacturing has grown 6,000 boed, whereas remaining recoverable volumes have risen 6.3 million boe or about 25 %, the Norwegian continental shelf explorer and producer stated in a press launch.
The low strain mission, a part of a deliberate upkeep shutdown, provides two to 3 years to Gjoa’s financial manufacturing life with a payback of lower than six months, Var Energi stated.
- Advertisement -
“The mission has modified the compressor techniques on the Gjoa platform, which has enabled the wells to supply longer and at greater charges, growing the remaining recoverable volumes”, it stated.
Chief working officer Torger Rod stated, “By utilizing off-the-shelf expertise, we’re not solely boosting manufacturing and remaining recoverable volumes from the Gjoa subject. We’re additionally prolonging the financial lifetime of the opposite producing fields Duva, Vega and Nova which might be tied into the Gjoa platform. This can be a win-win state of affairs for the manufacturing fields and the event initiatives within the Higher Gjoa space”.
Aker Options carried out the idea choose research, whereas Rosenberg Worley executed the mission, in accordance with Var Energi.
Gjoa is a part of Manufacturing License 153, the place Var Energi is operator with a 30 % stake. Norway’s state-owned Petoro AS holds 30 %. Edinburgh-based Harbour Vitality PLC owns 28 %. OKEA ASA has 12 %.
Var Energi reported August 26 it had reached a manufacturing of 400,000 boed, forward of schedule, and stated it’s on monitor to supply round 430,000 within the fourth quarter – primarily due to the brand new Balder subject floating manufacturing, storage and offloading vessel (FPSO).
Final month 10 Var Energi stated FPSO Jotun of the North Sea subject reached its capability of over 80,000 boed. Jotun ramped as much as capability sooner than anticipated, after beginning manufacturing June, in accordance with Var Energi.
“All 14 subsea manufacturing wells at the moment are on-line and are on common producing in keeping with expectations, and work is ongoing to additional optimize the manufacturing from Jotun FSPO”, Var Energi stated in an announcement September 10.
“The Balder Section V and VI initiatives are underway and can add further capability, sustaining excessive manufacturing from the Balder space going ahead”.
Jotun provides to “present manufacturing of round 30,000 boed gross mixed from the Balder floating manufacturing unit and Ringhorne amenities”, Var Energi stated.
The broader Balder hub, which incorporates the Breidablikk and Grane fields, accounted for 20 % of Var Energi’s 2024 output and 276 million boe of confirmed and possible reserves on the finish of the yr, the corporate says on its web site.
“The fast ramp-up to peak manufacturing on the Jotun FPSO, alongside robust efficiency throughout our portfolio, places us on monitor to fulfill our manufacturing goal of round 430,000 boed within the fourth quarter of this yr”, chief govt Nick Walker stated within the assertion.
“With the brand new amenities within the Balder space designed to increase manufacturing past 2045 we’re on monitor to create extra worth from the world”.
Var Energi, primarily owned by Italy’s state-controlled Eni SpA, has a 90 % working stake in Balder. Kistos Holdings PLC owns 10 %.
To contact the writer, e-mail jov.onsat@rigzone.com
