NPD: Dagny Development Plan Now Being Processed
The Norwegian Petroleum Directorate confirmed late Monday that it has received, and is now processing, a plan for the development and operation of the Dagny oil and gas discovery in the North Sea. Statoil is the operator of the development, while Total and Det norske also have interests in the production licenses – 029B, 029C, 048 and 303 – that cover the discovery.
Dagny is located in the central part of the North Sea – approximately 20 miles northwest of the Sleipner A facility and 140 miles west of Stavanger. Total recoverable reserves for the discovery have been estimated by Statoil at 225 million barrels of oil equivalent.
Total investment in the field will be about $5.4 billion, according to the NPD, which said that the plan is for Dagny to start producing from the first quarter of 2017.
According to the plan, Dagny will be developed with a facility resting on the seabed. The gas will be exported via Sleipner and the oil will be stored in storage ships and exported from the field with tankers.
The facility will be able to receive power from shore, but local power production will be used until power from shore is available in the area.
Dagny has long been under consideration for development, with the presence of gas there having been confirmed in the 1970s. In December Ivar Aasheim, Statoil's senior vice president for field development on the Norwegian Continental Shelf, commented in a statement:
"We have managed to make a 1974 discovery commercially viable. Patience, technology development and infrastructure have helped realise Dagny as one of the big development projects on the Norwegian continental shelf."
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