Draupne, Luno partners agree to coordinated development

Det norske oljeselskap has settled on a development solution for the Draupne field in the Norwegian North Sea.

Offshore staff

TRONDHEIM, Norway – Det norske oljeselskap has settled on a development solution for the Draupne field in the Norwegian North Sea.

This will be coordinated with the nearbyLundin-operated Luno field development, as requested by the Norwegian authorities last year.

Draupne will be produced using a fixed platform with pre-processing. The well stream will be transported from the Draupne platform to Luno for final processing and onward export.

This will reduce the required topsides on the Draupne platform to around 12,000 metric tons (132,277 tons), with a crew of around 20. The Luno platform is designed to handle more than 120,000 b/d of oil and up to 175 MMcf/d of gas from Luno and Draupne.

Det norske’s development takes in the discoveries Draupne in license PL 001B, West Cable in PL 001B and PL 242, and Hanz in PL 028B. Total recoverable resources are estimated at 143 MMboe.

Pre-FEED is under way in cooperation with Aker Solutions in London. Det norske aims to submit a plan for development and operation (PDO) for Draupne this fall.

The company has already contractedMaersk to provide a new jackup for drilling the production and injection wells.

Det norske CEO Erik Haugane said: “We have achieved a balanced agreement with the Luno group. It guarantees that, together with Lundin…we will achieve efficient operation of the two fields. Our ambition is to ensure better combined resource utilization and to increase the value for both partnerships. We in the Draupne partnership can now concentrate on efficient and swift field development.”

In return for payment of a tariff to Luno, Draupne will be ensured a capacity of 52,000 boe/d from October 2016, rising gradually to 75,000 boe/d by end-2017.

Lundin CEO Ashley Heppenstall said: “There will be valuable synergies from the joint Luno/ Draupne production which will allow higher production through the facilities than from a Luno standalone project.”

Lundin has already sent the PDO for Luno to the Ministry of Petroleum and Energy. If approved, the Luno platform should start production in late 2015.

Det norske operates the three Draupne licenses with 35%, along with Statoil (50%), and Bayerngas (15%).

3/5/2012

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