Alvheim FPSO celebrates fifteen years of production
The Alvheim field is one of the most successful developments on the Norwegian continental shelf.
When PDO was submitted to the Government in 2004, the reserves estimate was 171 million barrels of oil equivalents. Production from the Alvheim field exceeded this volume in early 2014. Today, the amount produced from the Alvheim area in total is more than three times the PDO estimate.
The Alvheim field consists of multiple oil and gas deposits. In addition to the original deposits in the Alvheim area (Kneler, Kameleon, Boa and Vilje) there are several other discoveries that are either already tied in to the Alvheim FPSO, or currently being developed. The latest addition is the Tyrving development, which today received governmental approval.
“I am very pleased to see utilisation of existing infrastructure to increase production of oil and gas. This extends the lifespan of important fields on the Norwegian continental shelf at a time when Europe needs all the energy we can supply”, said Minister of Petroleum and Energy, Terje Aasland. “And since we, on this particular day, celebrate the 15th anniversary of Alvheim, it is appropriate for me to announce the approval of the development of Tyrving tie-in project”
Earlier this year, production from the Frosk field commenced, and KEG (Kobra East & Gekko) is under development. These new fields contribute to the lifetime extension of the Alvheim FPSO.
Ine Dolve, SVP for the Alvheim Asset in Aker BP said:
“Even after 15 years in production we are still breaking records in the performance of the production vessel. We have had a continuous improvement in production efficiency throughout the period both in terms of uptime and costs. We have a dedicated team with strong ownership that delivers world-class results, and licensees that back us up in a fantastic way”
The main concept for the geology is essentially unchanged, but with the help of 3D and 4D seismic, and production data from the wells, we have increased our knowledge of the subsurface considerably. And by constantly adopting new drilling technology, it has become possible to drill several long multi-lateral wells with great precision.
“New discoveries and fields linked to the Alvheim FPSO contribute to the fact that we are now planning operations until 2040 and have an ambition for the vessel to process a billion barrels before we shut down”, said Ine Dolve.