OKEA takes FID for Brasse development

April 8, 2024
OKEA ASA and partners have taken final investment decision to develop Brasse field as a tie-back to Brage in the North Sea.

OKEA ASA and partners have taken final investment decision (FID) to proceed with Brasse development as a tie-back to Brage field and will rename the development Bestla upon approval of the plan for development and operation (PDO), which will be submitted this month.

Brasse, which lies 13 km south of Brage field (Brage Unit) in PL740 in the northern North Sea, is estimated to contain 24 MMboe gross in recoverable reserves. It was discovered in 2016 and appraised by five wells in 2017-2019.

Development for Brasse consists of a two-well subsea tie-back to the Brage platform, which will serve as the host platform for production, processing, and export.

The field is expected to come on stream during first-half 2027 and is anticipated to operate until 2031 with potential for extension. Plateau production is estimated at around 10,000 boe/d OKEA share (26,000 boe/d gross) and is expected within the first year of production.

OKEA has awarded a contract to Aker Solutions for the topside scope and a contract to Subsea7 and OneSubsea for the subsea scope. The tieback demands modifications on the Brage platform, Aker Solutions said in a separate release Apr. 8. The FEED has been carried out by Aker Solutions, and the service provider will execute engineering, procurement, construction, installation, and commissioning on Brage to prepare the topside of the platform for receiving oil and gas from Brasse field. 

Contracts for rig and drilling services will be awarded in second-quarter 2024.

The PL740 partnership consists of OKEA ASA (operator 39.2788%), DNO Norge AS (39.2788%), Lime Petroleum AS (17%), and M Vest Energy AS (4.4424%).

The Brage Unit partnership consists of OKEA ASA (operator 35.2%), Lime Petroleum AS (33.8434%), DNO Norge AS (14.2567%), Petrolia Noco AS (12.2575%), and M Vest Energy AS (4.4424%).