Aker BP reconsiders Shrek project offshore mid-Norway

Jan. 4, 2023
Aker BP and its co-venturers will consider an alternative development solution for the Shrek gas-condensate field in PL838 in the Norwegian Sea.

Offshore staff

OSLO, Norway  Aker BP and its co-venturers will consider an alternative development solution for the Shrek gas-condensate field in license PL838 in the Norwegian Sea, according to Rex International Holding, parent company of license partner Lime Petroleum.

Previous operator PGNiG discovered Shrek in 2019, 5 km southeast of the Aker BP-operated Skarv Field.

Rex added that Lime and its partners in the 2015 gas-condensate discovery Fogelberg, 10 km north of the Asgard field center in the Haltenbanken region of the Norwegian Sea, now plan to relinquish the license.

In the North Sea, Aker BP should shortly spud a well on the Gjegnalunden prospect, west of its Ivar Aasen Field complex, and results will help de-risk the Orkja prospect in the nearby PL818 license (Lime 30%).

Just before Christmas, Lime completed its farm-in to 10% of the Repsol-operated Yme Field in the eastern Norwegian Sea, paying KUFPEC an initial $55 million. Following a difficult commissioning phase with various unplanned field shutdowns last year, production from Yme is now rising and should reach a peak of about 35,000 boe/d this spring.

Elsewhere in the North Sea, the Brage Field’s new operator OKEA is currently drilling an appraisal well nearby on the Taliskar discovery, which should be brought into production from the platform in the summer.

Three further infill wells will follow, one testing and exploration target on the field’s southwest flank. Lime has a 33.8% stake in Brage.

01.04.2023