STAVANGER, Norway – Repsol Norge has produced first oil from the re-developed Yme field in the southeastern Norwegian North Sea.
According to partner OKEA, estimated recoverable reserves are 63 MMbbl. At peak, the field should deliver around 56,000 boe/d.
Statoil discovered Yme in 1987 in the Egersund basin, 130 km (81 mi) offshore. Production ceased prematurely in 2001 due to low oil prices at the time.
Although a new plan for development and operation (PDO) was approved for the field in 2007, the project was not implemented due to major construction issues.
However, the amended PDO for Yme (production licenses 316 and 316 B) got the go-ahead in March 2018.
The Yme New Development Project comprised engineering, procurement, and installation of a new wellhead module on top of existing facilities at the field; modification and upgrading of the Mærsk Inspirer mobile offshore drilling and production jackup by Aker Solutions in Egersund, prior to installation in the field; and subsequent hook up to existing wells and seabed installations.
Earlier this year, the Yme licensees entered an agreement to acquire the rig through a bareboat charter agreement with Havila Sirius, and to take over day-to-day operations from Maersk Drilling.
The handover has started, and the transaction should close during the current quarter.
Other partners are Lotos Exploration and Production Norge and KUFPEC Norway.