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Aker BP's Grey Seal oil, gas field set to start production by late-2021 | Hellenic Shipping News Worldwide


Aker BP’s Grey Seal oil, gas field set to start production by late-2021
Norway’s Aker BP said on Friday it will start drilling and construction soon at its Grey Seal oil and gas field in the Norwegian Sea, and also expects to begin production in the fourth quarter of 2021.
Located 210 km (130 miles) offshore, near the existing Skarv field, the investment costs of Grey Seal are expected to touch 1.2 billion Norwegian crowns ($140 million).
“Based on a development solution with reuse of existing infrastructure, this project has become very profitable,” Project Manager Mette Nygaard said in a statement.
Containing an estimated 13 million barrels of oil equivalent, the project has a break-even cost of just $15 per barrel, the company said. ....

Møg Romsdal , Norwegian Sea , Oceans General , Mette Nygaard , Wintershall Dea , Grey Seal , Manager Mette Nygaard , நோர்வே கடல் , பெருங்கடல்கள் ஜநரல் , மெத்தே நிகார்த் , சாம்பல் முத்திரை , மேலாளர் மெத்தே நிகார்த் ,

Aker BP's Grey Seal Field Set to Start Production by Late-2021


Reuters
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Norway s Aker BP ASA said on Dec. 18 it will start drilling and construction soon at its Grey Seal oil and gas field in the Norwegian Sea, and also expects to begin production in fourth-quarter 2021.
Located 210 km (130 miles) offshore, near the existing Skarv Field, the investment costs of Grey Seal are expected to touch 1.2 billion Norwegian crowns (US$140 million).
Based on a development solution with reuse of existing infrastructure, this project has become very profitable, Project Manager Mette Nygaard said in a statement.
Containing an estimated 13 MMboe, the project has a break-even cost of just $15/bbl, the company said. ....

Møg Romsdal , Norwegian Sea , Oceans General , Mette Nygaard , Wintershall Dea , Grey Seal , Skarv Field , Manager Mette Nygaard , நோர்வே கடல் , பெருங்கடல்கள் ஜநரல் , மெத்தே நிகார்த் , சாம்பல் முத்திரை , மேலாளர் மெத்தே நிகார்த் ,