Aker BP and its partners have received approval from the Norwegian Ministry of Petroleum and Energy for its development and operation (PDO) plan for the Frosk field in the Norwegian North Sea.
Located in the Alvheim area, the Frosk field is situated approximately 25 kilometers (km) southwest of the Alvheim floating production, storage, and offloading (FPSO) unit.
Aker BP said that the Frosk field will be tied back to the existing Bøyla and Alvheim subsea infrastructure, utilising free capacity in processing facilities with only a marginal increase in power consumption and carbon dioxide (CO2) emissions.
The total investment in the Frosk field is set at around NOK 2 billion (US$230 million).
As per the estimates, the field holds recoverable reserves of nearly ten million barrels of oil equivalent (mmboe); first oil is expected in the first quarter of 2023, 18 months after the PDO approval.
Aker BP said that the development concept is based on valuable production experience from a test well. Two new production wells are to be drilled.
Aker BP is the operator of the Frosk field alongside development partners, Vår Energi and Lundin Energy Norway. Aker BP recently acquired Lundin Energy’s oil and gas business, leading to the creation of an exploration and production (E&P) company, Lundin Energy Norway.
Lundin Energy Norway now operates as Aker BP’s fully owned subsidiary and was renamed ABP Norway AS.