Det norske commits to Viper-Kobra subsea tieback offshore Norway

Det norske oljeselskap and its partners have decided to develop the small Viper-Kobra accumulations in the Norwegian North Sea.

Jan 19th, 2015

Offshore staff

TRONDHEIM, Norway – Det norske oljeselskap and its partners have decided to develop the small Viper-Kobra accumulations in the Norwegian North Sea.

These are two separate discoveries in production license 203 in theAlvheim area, each containing around 4 MMbbl of recoverable oil. Total recoverable reserves, including gas, are 9 MMboe.

Det norske plans a NOK 1.8-billion ($237-million) development with two wells, a new subsea installation and a pipeline tied into the subsea manifold forVolund, one of the four producing Alvheim satellite fields.

The company will allocate four well slots, with one each initially on Viper and Kobra, and two for future potential wells.

It expects to award first contracts later this month. Drilling will likely start in spring 2016, with installation of templates and hook-up scheduled for September. Production is expected to start either year-end 2016 or early 2017 at around 7,500 boe/d.

“Even though this is probably one of the smallest discoveries on the Norwegian shelf being developed the profitability is good, and the project is important to us,” said Øyvind Bratsberg, senior vice president technology and field development at Det norske.

Det norske operates in partnership with ConocoPhillips and Lundin Norway.

01/19/2015

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