Det Norske to Develop Viper-Kobra Project in the North Sea

Norwegian independent Det norske oljeselskap announced Friday that it will develop the Viper-Kobra project in the Alvheim area of the North Sea.

Viper-Kobra consists of two separate discoveries with a potentially-connected reservoir. Kobra and Viper were discovered in 1997 and 2009 respectively and both discoveries lie on production license 203. The discoveries constitute part of the Alvheim field.

On completion in December 2016, the project will see approximately 7,500 additional barrels of oil per day flowing into the Alvheim FPSO (floating production, storage and offloading) vessel. The two reservoirs contain approximately four million barrels of recoverable oil each. Including gas, total recoverable reserves are estimated to amount to nine million barrels of oil equivalent.

"The existing infrastructure in the area renders this project profitable. The key is to develop both discoveries with the same infrastructure, thus ensuring maximum utilization of the resources," Øyvind Bratsberg, senior vice president for Technology and Field Development at Det norske, said in a company statement.

Det norske estimates the development cost for Viper-Kobra will be NOK 1.8 billion ($234 million).

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Aberdeen Firm to Hire More Staff in 20... (Mar 30)
 -  CGG, KGOC Teams to Work Together on In... (Mar 30)
 -  Aker Solutions Reduces Total Headcount... (Mar 30)
 -  First Workers Complete New Industry Tr... (Mar 29)
 -  Mexico, UK Strengthen Ties with 5-Day ... (Mar 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
Accountant
Expertise: Accounting
Location: Houston, TX
 
Petroleum Engineering Intern
Expertise: Petroleum Engineering|Student / Recent Grad
Location: Houston, TX
 
United States Rock Springs: Field Service Quality Coordinator - Cementing
Expertise: Operations Management|Planner / Scheduler|Production Engineering
Location: Rock Springs, WY
 
search for more jobs

Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
Updated in last 24 hours