Aker BP and license partners will go forward with development of Gråsel in the Norwegian Sea, about 210 km west of Sandnessjøen. Final investment decision was made Dec. 17. First oil is expected fourth-quarter 2021.
Gråsel (Grey Seal) is within the same license unit as Skarv and Ærfugl fields. The reservoir, which extends over 7 km and is 2 km wide, lies above the Skarv reservoir in the Norwegian Sea, about 210 km west of Sandnessjøen. It holds mostly oil, with reserves estimated at 13 million boe. The development consists of a new producer drilled from an existing well slot on Skarv field, and injection support from a joint injector for Gråsel and Tilje. Production will come online concurrent with start-up of gas production from phase two of the Ærfugl development project.
Gråsel has a $15/bbl break-even oil price due to nearby production infrastructure, including the Scarv floating production and storage unit (FPSO), said Paweł Majewski, PGNiG SA chief executive officer.
Total investment costs for the project are 1.2 billion kroner.
Aker BP is operator with 24%. Partners are Equinor (36%), Wintershall DEA (28%), and PGNiG Upstream Norway (12%).