In collaboration with its partners, Vår Energi AS and Lundin Energy Norway AS, Aker BP announced the submission of a plan for development and operation (PDO) for the Frosk field to the Norway’s Ministry of Petroleum and Energy (MPE).
The company elaborated that the intention behind this development is to optimize production and minimize unit costs in the Alvheim area through the use of its existing infrastructure.
“The Frosk development underpins the prolonged Alvheim success story that both we and our partners can be proud of. The Alvheim area is among the most cost-efficient developments on the Norwegian continental shelf, and the resource base has multiplied since start-up,” Aker BP CEO Karl Johnny Hersvik said.
“This is the result of targeted exploration and reservoir development, technological innovation and, not least, close collaboration with the joint venture partners and suppliers.
Frosk field was discovered in 2018 and located approximately 25 km southwest of the Alvheim FPSO in the North Sea.
The statement also elaborated that Frosk field will be “tied back” to the FBSO through the existing Bøyla and Alvheim subsea infrastructure. Its total investments are expected to be at around $230 million. Production is scheduled to start in the first quarter of 2023. Recoverable reserves in Frosk are estimated at around 10 million barrels of oil equivalents (mmboe).