Offshore staff
OSLO, Norway — DNO and partner Vår Energi will review alternative options for their Brasse Field oil and gas project in the Norwegian North Sea.
They had expected to submit a plan for development and operation (PDO) by the end of this month but decided to put the process on hold following the government’s recent changes to Norway’s temporary petroleum tax system (introduced in mid-2020) and cost pressures on the industry.
One option going forward could be a modified development concept, DNO said
However, the company does expect a PDO to be issued shortly for the Berling (ex-Iris/Hades) project in the Norwegian Sea, having agreed to acquire a further 10% stake in the field from Sval Energi.
Following the transaction, the three remaining partners are operator OMV Norge (30%), Equinor (40%) and DNO (30%).
The plan calls for a subsea tieback 20 km to the Equinor-operated Åsgard B platform. Berlin extends across licenses PL644, PL644B and PL644C.
Finally, Equinor has submitted a proposal on behalf of the PL159B licensees (DNO 32%) for a subsea tieback of the Andvare gas field in the Norwegian Sea (formerly Gjøk) to the Norne FPSO. This will connect to existing infrastructure and an available well slot, allowing for a fast-track development.
12.19.2022