Aker BP receives approval for Skarv Satellite Project

June 28, 2023
Aker BP received approval from Norwegian Ministry of Petroleum and Energy for three plans for development and operation under the Skarv Satellite Project in the Norwegian Sea.

Aker BP received approval from Norwegian Ministry of Petroleum and Energy (MPE) for three plans for development and operation (PDO) under the Skarv Satellite Project (SSP) in the Norwegian Sea.

The Skarv Satellite project is being launched 10 years after Skarv field startup. The development projects consist of gas and condensate discoveries Alve Nord (Aker BP, Wintershall DEA, and PGNiG), Idun Nord (Aker BP, Equinor, and Wintershall DEA), and Ørn (Aker BP, Equinor, and PGNiG).

Each comprises of a four-slot template and two wells tied back subsea to the Skarv FPSO in the northern part of the Norwegian Sea.

Total recoverable resources are estimated at about 120 MMboe, predominantly gas. Total investments are estimated at about NOK 17 billion. Startup is expected in third-quarter 2027. 

Skarv currently produces about 22 million std cu m/d gas and about 25,000 b/d condensate.

Operator Aker BP and license partners submitted the PDOs to the Ministry in December last year (OGJ Online Dec. 16, 2022).