AErfugl's Plan for Development Submitted

Source: www.gulfoilandgas.com 12/15/2017, Location: Europe

DEA Norge and its joint venture partners submitted the final Plan for Development and Operation (PDO) for the gas condensate field AErfugl (former Snadd) in the Norwegian Sea to the Ministry of Petroleum and Energy. The field development includes the resources in both, the AErfugl and Snadd Outer fields, and comprises of six new subsea production wells tied into the Skarv FPSO. The first phase includes three production wells in the southern part of the field. AkerBP is operator of the field development.

DEA Norge Managing Director, Hans-Hermann Andreae says: “The AErfugl PDO submission is an important milestone for DEA Norge and the partnership. The development project also proves that the industry is willing to invest in projects that will extend production from the Skarv area and the Norwegian Sea. DEA Norge is proud to be part of a partnership that actively contributes to value creation from the Norwegian Continental Shelf”.

Total investments in the AErfugl project are estimated at around 1 billion Euros (gross). This represents a reduction of approximately around 240 million Euros compared to earlier estimates, and is primarily driven by more efficient drilling operations.

The project will be developed in two phases to optimise utilisation of spare capacity at the Skarv FPSO. The first phase of the development includes three production wells, which will be drilled in the southern part of the field and tied back to the Skarv FPSO via a trace heated pipe-in-pipe flowline. Production is planned to begin in late 2020.

The AErfugl development represents a significant opportunity with highly attractive and robust economics. In addition the AErfugl development will extend the economic field life of the Skarv FPSO and allow for increased recovery from the Skarv field itself.


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