“The Viper-Kobra project is developed on time, on budget, and is a small-but-important project for Aker BP,” said Geir Solli, Aker BP senior vice-president, operation. “Viper-Kobra leverages on the existing infrastructure in the Alvheim area, thus ensuring maximum utilization of the adjacent resources and will contribute to maintain the Alvheim production at a high level.”
Viper-Kobra is part of the plan for development and operation of Alvheim, as are the other structures in the area. Development costs for Viper-Kobra are 1.8 billion kroner, including the drilling of two wells, subsea installations, pipelines, and hookup.
Ownership in Viper-Kobra reflects that of the Alvheim license, with Aker BP as operator with 65% interest, ConocoPhillips 20%, and Lundin Norway AS 15%.
Aker BP was formed earlier this year through the merger of BP Norge AS and Det norske oljeselskap ASA (OGJ Online, June 10, 2016). Aker owns 40% of company, BP 30%, and other Det norske shareholders 30%.