Aker BP finds more oil in North Sea Alvheim area
Aker BP has discovered oil and gas with its first exploration well in the Frosk area of the Norwegian North Sea.
Results from the Froskelår Main well, which spudded last month, suggest reserves in the range of 45-153 MMboe.
Drilling will continue, with collected data used to determine the size and quality of the discovery. Next up will be an exploration well on last year’sFrosk discovery, close to the Bøyla field, which will be used for an extended production test.
Later in the year the company plans another exploration well on the Rumpetroll prospect. All the structures are in the Alvheim area, where the Kameleon Infill South well recently began production through the Alvheim FPSO.
The ongoingSkogul development is on schedule for start-up in 1Q 2020 via a single multilateral production well tied back to the Vilje field. Production will head through the existing pipeline from Vilje to the Alvheim FPSO.
Other discoveries under review for development in the Alvheim area are last year’s Gekko and the Trell and Trine accumulations.
This year Aker BP has budgeted $500 million for exploration in the Norwegian sector with a line-up of 15 exploration wells targeting net prospective resources of 500 MMboe.
It also plans to spend $150 million on plugging depleted wells and removal of the old living quarters platform at the Valhall field.