Norway’s Petroleum Safety Authority (PSA) has authorized Faroe Petroleum Norge to take over operatorship of Oselvar and Trym fields in the southern Norwegian North Sea from Dong E&P Norge AS.
Oselvar field lies on Blocks 1/2 and 1/3, about 17 miles southwest of Ula. The field was developed using subsea wells. Production started in 2012 (OGJ Online, June 10, 2009).
Trym field lies on Block 3/7, which is nearly 2 miles from the median line with Denmark. Trym also was developed using subsea wells. Production began in 2011.
Faroe previously acquired 50% interest in Oselvar and Trym fields from Dong.