By OGJ editors
HOUSTON, Nov. 12 -- Marathon Petroleum Norge AS let a 400 million kroner contract to Advanced Production & Loading AS, Arendal, Norway, to develop the turret mooring system for the Alvheim floating production, storage, and offloading vessel. The vessel will handle production from four oil and gas fields in the Alvheim area, which lies in 125 m of water on the Norwegian continental shelf, west of Haugesund.
Norwegian authorities recently approved the Alvheim development and operation plan (OGJ Online, Oct. 13, 2004). Operator Marathon holds a 65% interest in the Alvheim project, and license partners ConocoPhillips holds 20% and Lundin Petroleum AB of Stockholm 15%.
Alvheim production is expected to ramp up to more than 50,000 net b/d during 2007. Alvheim reserves are estimated at 200-250 million gross boe. Fields to be developed are Boa, Kneler, Kameleon, and East Kameleon.
