Plan For Development and Operations of Valhall Flanks Submitted

abarrelfullabarrelfull wrote on 09 Aug 2012 13:51

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15 August 2001
BP as the Operator for Valhall Unit submitted a Plan for Development and Operation (PDO) of the Valhall Flanks to the Ministry of Petroleum and Energy on Friday 10th August.
The PDO covers the development and operation of two normally unmanned platforms, one in the North and one in the South of the existing Valhall field. The production from each of these platforms will be routed through two separate pipelines and processed at the Valhall complex. Each platform will contain 16 well slots.

The total capital investment program of 4.2Bn Norwegian Kroner will accelerate production and add 127 million barrels of oil equivalents (110million barrels of oil) to recoverable reserves. First oil is planned for 1Q 2003.

Separate contracts for the wellhead platforms, pipelines, X-mas trees/wellheads and for drilling will be awarded during August and September. All contract awards are subject to government approval of the PDO.

Due to uncertainty on pipeline export capacity, contract award for the second platform may be delayed until sufficient export capacity has been secured.

Anne Drinkwater, the BP Managing Director, states that she is very pleased to see the Flank project moving ahead. This is in line with the long-term growth targets for the Valhall Unit that were supported last year when the Government approved the Water Injection Project and extended the field license period from 2011 to 2028.

License partners in the Valhall Unit are: BP (operator, 28,09%), Amerada Hess (28,09%), Enterprise Oil (28,09%), TotalFinaElf (15,72%).

Additional Information:

The unitised Valhall Field underlies block 2/8 in PL 006B (92.8 %) and block 2/11 in PL 033 (7.2 %). The licenses were awarded in the first (17 August 1965) and second (30 May 1969) licensing round respectively.

The Valhall field, located some 30 km south of the Ekofisk Platform complex, was discovered in May 1975 and declared commercial two years later. The field was developed by four platforms. Three of these platforms were located at the Valhall field with the fourth 2/4G Riser platform located at the Ekofisk Centre. First oil was in October 1982.
Prior to the development of Valhall Flanks the field held proven reserves of circa 950 million barrels of oil according to the Operator's estimate, with some 420 million produced up to 1/1/2001. The commissioning of the WIP will take place during the autumn of 2002.

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