Offshore staff
LYSAKER, Norway – Aker BP and its partners Equinor, Wintershall Dea, and PGNiG have taken the final investment decision to develop the Gråsel field in the Norwegian Sea.
The Gråsel reservoir, which extends more than 7 km (4 mi) and is 2 km (1 mi) wide, is situated above the Skarv reservoir, about 210 km (130 mi) west of Sandnessjøen.
Gråsel (Grey seal) holds about 13 MMboe. The oil and gas production will use available capacity on the Skarv FPSO. Total investment costs for the Gråsel project are about NOK 1.2 billion ($139 million).
The development consists of a new producer drilled from an existing well slot on the Skarv field, and injection support from a joint injector for Gråsel and Tilje.
According to Mette Nygård, project manager for Gråsel, the breakeven price is about $15/bbl, and the tax measures adopted by the Storting in June accelerated the development.
Production is expected to start in 4Q 2021. This is the same period that Ærfugl Phase 2 is expected to come onstream.
12/22/2020
