Lundin Norway and its license partners in PL338 said Oct. 17 that it has awarded Stavanger based Rosenberg WorleyParsons a contract for modification work on the Edvard Grieg platform in the North Sea.
The contract will give important ripple effects locally and regionally, and provide work for 150 people.
The objective of the modification is to prepare the platform to receive and process oil and gas from nearby fields. Luno II and Rolvsnes will be the first discoveries to be tied in to Edvard Grieg.
This contract comprises engineering services, purchasing and construction work offshore. Rosenberg WorleyParsons will start engineering related to prefabrication of steel structures, pipelines and other necessary material immediately, while the installation work offshore will start first half of 2019. The work is expected to be completed in the first-quarter of 2021.
“The work to prepare the Edvard Grieg platform to receive oil and gas from nearby fields is very important for us,” Kristin Færøvik, managing director in Lundin Norway, said. “This will ensure both good utilization of the infrastructure we already have in the platform and export pipeline, and it will enable us to achieve profitable development of smaller fields in the area.”
The Edvard Grieg platform was designed as a field center, enabling processing oil and gas from other fields in the area. Today, in addition to own production, Edvard Grieg processes hydrocarbons from the Ivar Aasen field. With these modifications to be implemented, the platform will be able to handle the satellite fields Luno II and Rolvsnes, both operated by Lundin Norway. Also, preparations for additional satellite fields will be made.
Luno II is located 19 km (11 miles) south of Edvard Grieg, and the plan is to develop the field as a subsea installation with a pipeline back to Edvard Grieg. The goal is to submit the plan for development and operation for Luno II in early 2019.
The initial plan for Rolvsnes is to conduct a long-term well test where oil and gas is processed on Edvard Grieg. The Rolvsnes discovery was made in a reservoir consisting of fractured and weathered basement rocks. This is a new type of reservoir for the Norwegian shelf, and more knowledge is needed in order to select an efficient development solution.
Recommended Reading
Daugherty: Feds Take Aggressive Posture on Oil, Gas Mergers
2024-02-01 - Newly released guidelines by the Department of Justice and Federal Trade Commission suggest that a post-deal, combined market share of more than 30% is potentially problematic.
Vital Energy Again Ups Interest in Acquired Permian Assets
2024-02-06 - Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
Permian Resources Continues Buying Spree in New Mexico
2024-01-30 - Permian Resources acquired two properties in New Mexico for approximately $175 million.
Is Grayson Mill the Next Bakken Domino to Fall After Chevron-Hess?
2024-01-31 - As E&Ps look to bulk up outside of the Permian Basin, EnCap-backed Bakken player Grayson Mill Energy is reportedly exploring a sale valued around $5 billion.
Matador Bolts On Additional Interest from Advance Energy Partners
2024-02-27 - Matador Resources carved out additional mineral and royalty interests on the acreage it acquired from Advance Energy Partners for $1.6 billion last year.