Aker BP ASA will proceed with North Sea Frosk field development with newly received approval of its plan for development and operation (PDO) from the Norwegian Ministry of Petroleum and Energy.
The operator and license partners Var Energi AS and Lundin Energy AS—now a fully owned subsidiary of Aker BP named ABP Norway AS—submitted the PDO for the Alvheim area field in September 2021 (OGJ Online, Sept. 27, 2021; Dec. 22, 2021).
Frosk field, about 25 km southwest of the Alvheim FPSO, will be tied back via existing Bøyla and Alvheim subsea infrastructure and use free capacity in processing facilities with only a marginal increase in power consumption and CO2 emissions, Aker BP said in a release July 8. The development concept is based on production experience from a test well. Two new production wells are to be drilled.
With fast-track development, first oil is expected in first-quarter 2023, 18 months after PDO submission.
Project investments are expected to total $230 million. Recoverable reserves in Frosk are estimated at around 10 MMboe.