Aker BP said the Frosk field development in the Alvheim area of Norway’s North Sea has been successfully completed and production has started on schedule and within budget. The completion comes 18 months after the Plan for Development and Operation (PDO) was submitted. It got the greenlight from regulators last year. Frosk is operated by Aker BP, with Vår Energi as partner.
“The Frosk project has been delivered with high quality, on time and within budget by Aker BP’s project team in close cooperation with our suppliers,” Aker BP’s Chief Executive Officer Karl Johnny Hersvik said. “This is a great example of what we can achieve with the alliance model, working as one team with our suppliers towards a common goal with shared incentives. Frosk is also an excellent illustration of how we can increase the value of our existing fields through higher production and lifetime extensions as well as reduced unit costs and emissions intensity.”
The Frosk field is tied back to the Alvheim floating production, storage and offloading (FPSO) in the North Sea via existing subsea infrastructure and utilises existing capacity in the processing facilities with only a marginal increase in power consumption and CO2 emissions.
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The Frosk project has been delivered within the initial investment estimate of around NOK 2 billion (appr. US$230 million). Recoverable reserves in Frosk are estimated at around 10 million barrels of oil equivalent (mmboe).
Aker BP said the Alvheim area is among the most efficient assets on the Norwegian continental shelf, and the resource base has multiplied since start-up.
Frosk is the first of three new subsea tie-back projects to the Alvheim FPSO, with Kobra East & Gekko planned to come on stream early 2024 and Tyrving expected on stream in 2025.
