Brasse is in license PL740. Transactions among the partners have led to an ownership structure that overlaps with the Brage unit.
OKEA will continue as operator for both licenses.
As the host, the Brage platform will handle production, processing and export of Brasse’s wellstream. OKEA aims to submit a plan for development and operation (PDO) later this month, including a request to rename the field Bestla—Brage’s grandmother and Odin’s mother in Norse mythology.
Brasse was discovered by Faroe Petroleum in 2016 and appraised by five wells during 2017-2019,
Aker Solutions has an EPCIC contract to perform modifications to the Brage platform. Its project management team will be based mainly in Stavanger with prefabrication performed at the company’s yard in Egersund.
OneSubsea will be responsible for the subsea facilities and installations. OKEA expects to award further contracts for a rig and drilling services later this year.
Bestla should come onstream during the first half of 2027 and remain in production through 2031 or beyond, reaching plateau during the first year of operations. The project will also extend the life of the Brage platform, which entered service in 1993.
Partner DNO is involved in two other new field developments offshore Norway: Andvare (32%) and Berling (30%).
The PL740 partnership comprises OKEA (operator 39.2788%), DNO Norge (39.2788%), Lime Petroleum (17%), and M Vest Energy (4.4424%).
The Brage unit partnership consists of OKEA (operator 35.2%), Lime Petroleum (33.8434%), DNO Norge (14.2567%), Petrolia Noco (12.2575%), and M Vest Energy (4.4424%).
04.08.2024
