Offshore staff
LYSAKER, Norway – Aker BP has submitted a plan for development and operation the Kobra East & Gekko (KEG) project in the northern Norwegian North Sea.
The development, designed to recover around 40 MMboe, will help extend the lifetime of the host FPSO Alvheim through 2040. The other license partners are ConocoPhillips and Lundin Energy.
Aker BP estimates total investments in the project at around $1 billion, and is targeting start-up in 1Q 2024 and a breakeven cost of less than $30/bbl.
KEG comprises the Kobra East and Gekko discoveries in license 203, which will be connected to the FPSO Alvheim via subsea facilities.
In total the company plans to drill 42 km (27 mi) via four multi-branch wells from the Gekko South and Gekko North drilling locations.
Seabed equipment will be designed to also accommodate other developments later.
The Alvheim field includes the Kneler, Boa, Kameleon and East Kameleon structures, the Viper-Kobra structures, and the Gekko discoveries. The Alvheim area encompasses the satellite fields Bøyla, Vilje, Volund and Skogul, all produced through the FPSO Alvheim, which came onstream in June 2008.
When original developer Marathon secured sanction for Alvheim, recoverable resources were thought to be close to 200 MMbbl. In fact, more than 500 MMbbl have now been produced from the area.
07/01/2021
