OSLO -- DONG E&P Norge, Bayerngas Produksjon Norge, Norwegian Energy Co., and Wintershall Norge ASA (15%) have submitted a development plan for the Oselvar field to Norwegian authorities for processing and approval.
Provided the authorities approve the development plan mid-May 2009, the license partners expect to start Oselvar production in 4Q 2011. The total cost of the development is estimated to be NOK 4.7 billion
The Oselvar field is located on the Norwegian continental shelf, close to the English border and 23 km (14 mi) from the Ula field. According to the development plan, three subsea horizontal production wells will be drilled and connected via a multi-phase pipeline to the Ula platform for further processing. From Ula, the produced oil will be transported via the Ekofisk/Norpipe system to Teesside, UK.
In parallel with the work to establish a development plan for Oselvar, DONG E&P
has agreed to the terms and conditions to acquire Wintershall's interest in the field.