Monday, 30 November 2015

Edvard Grieg on stream - 30/11/2015

Edvard Grieg on stream

A new field started producing in the North Sea on Saturday 28. November. Edvard Grieg is operating company Lundin's first major development project on the Norwegian shelf.
Expected recoverable resources from Edvard Grieg total 29 million standard cubic metres of oil equivalents (182 million bbls o.e.), mainly oil.

The field's start-up is in line with the Plan for Development and Operation (PDO). Development costs have risen somewhat, but the increase is within the uncertainty range of plus/minus 20 per cent in the investment estimate in the PDO.

The PDO estimate was 22.8 billion kroner (2015-NOK), while the reported investment estimate ended at 24.8 billion 2015-NOK. This constitutes an increase of nine per cent.

Kværner Verdal built the steel jacket and Kværner Stord built the topsides for the production facility, which will rest on the seabed.

The Edvard Grieg field is in production licence 338, situated on the Utsira High, about 35 kilometres south of the Grane and Balder fields. The field is developed with a fixed platform, resting on the seabed. The oil is transported by pipeline (EGOP) to the Grane oil pipeline and on to the Sture terminal north of Bergen. The gas is transported in a separate pipeline (UHGP), which is tied in to the pipeline network on the UK side (SAGE).

When the plans were laid for developing Edvard Grieg and neighbouring field Ivar Aasen, a decision was made to coordinate the development solutions for the fields. This means that oil and gas from Ivar Aasen will undergo final processing on Edvard Grieg, and will be routed on from there in the same transport systems. The plan calls for production from Ivar Aasen to start in late 2016. The plan furthermore calls for tying in other discoveries in the area to Edvard Grieg as capacity gradually becomes available.

Edvard Grieg will cover the power needs for Ivar Aasen. The licensees in PL 338 are cooperating with other licensees on the Utsira High to find a joint solution for power supply from land.

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