Aker BP Submits Aerfugl Field Plan

Aker BP has submitted its field development plan (PDO) for the Aerfugl field in the Norwegian Sea. It includes plans for two deposits: Snadd (discovery well 6507/5-3 in the year 2000) and Snadd Outer (discovery well 6507/3-9S in 2012), the offshore regulator Norwegian Petroleum Directorate said December 15.

The week before,  the producer awarded a contract to Aker Solutions for the subsea equipment installation.

Aerfugl is just west of the Skarv field in the Norwegian Sea and has gas reserves estimated at about 35bn m³. The total investment amounts to about Nkr 8.5bn ($1bn), of which Nkr 4.5bn will be invested in phase one, due to start October 1 2020, and comprises the southern part of the Snadd deposit. Phase two has a planned start-up date in the third quarter of 2023, and comprises the northern part of Snadd, as well as Snadd Outer.

“Leading up to the PDO, the licensees have done a good job optimising value creation. Costs have been reduced and the reserve basis has increased. The current development appears to have a very good socioeconomic value. In addition to the project’s own value, it also contributes to an extended lifetime and increased value creation on the Skarv field,” said the NPD. The licensees have the same stakes in Skarv: Aker BP (operator, 23.8%), Statoil (36.2%), DEA (28.1%) and PGNiG (11.9%).