Uchenna Izundu
International Editor
LONDON, Jan. 11 -- Talisman Energy Norge AS and license partners in PL 316, Revus Energy and Pertra, have informed the Norwegian energy ministry that they wish to redevelop Yme oil field in the Norwegian North Sea.
Under their proposed plan, the partners expect to be able to produce 50-60 million bbl of oil from the field, depending on future oil prices. Estimated investment costs are more than $629.1 million to produce a maximum of 40,000 b/d of oil.
Stein Fines, vice-president, technology and health, safety, and environment for Pertra, one of the smaller partners in the Yme proposal, told OGJ there are 66 million bbl of oil to be recovered. Yme field will be redeveloped using 12 production and injection wells and a production platform with a jack up unit and subsea storage tank.
Start of production is expected in January 2009 and this is the first time in Norway that an abandoned field would be redeveloped.
Single Buoy Moorings Inc. has received a letter of intent from the partners to provide and lease a newbuild production facility. Drilling production wells would begin next summer using the Maersk Giant jack up rig.
Contact Uchenna Izundu at [email protected].
