Dvalin Field Development to Support 1,000s of Norwegian Jobs
A proposed project to develop the Dvalin field offshore Norway could support thousands of jobs, according to independent operator DEA Deutsche Erdoel.
In its Plan for Development and Operation (PDO) for the Dvalin field, which DEA announced Monday has now been handed over to Norway's Ministry of Petroleum and Energy, the firm said it plans to produce some 643 billion cubic feet of gas from two reservoirs. The development cost of the project is estimated at EUR 1.1 billion ($1.2 billion) with production planned to begin in 2020.
"It's a major step for DEA to hand-in the PDO and to transfer this project into the next phase," DEA CEO Thomas Rappuhn said in a company statement. "The Dvalin development will contribute significantly to DEA's ambition to further grow our business in Norway."
In a separate statement sent to Rigzone, DEA said that the project would support more than 6,000 man-years in its development phase, which would translate to some 2,000 jobs if the development of the project begins in 2017. DEA also said that half of this work would be accounted for by the main contractors in Norway, with the other half being split among subcontractors and vendors.
Dvalin will be developed with a four-well subsea template, which is connected to the Heidrun platform. At Heidrun, the gas will be partly processed in a new module, before the gas is transported in a new export pipeline to Polarled, going to the Nyhamna onshore gas terminal in mid-Norway. At Nyhamna, the gas will be processed and transported to the European market.
The Dvalin field is located in production license 435 in the Norwegian Sea, approximately nine miles northwest of Heidrum and 175 miles from Nyhamna. DEA operates the license with a 40-percent interest. Other partners include Edison (20 percent), Maersk (20 percent) and OMV (20 percent).
WHAT DO YOU THINK?
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.
- ITEM Club: More Jobs Losses Expected in NE Scotland due to Oil Slump
- Shell Q&A: What Makes an Ideal Employer in Oil, Gas?
- Shell Takes First Place in Rigzone's Inaugural Ideal Employer Survey
- UK Government 'Must Recommit' to Oil, Gas Sector in Autumn Statement
- UK Government Gives Go-Ahead for Fracking in NW England
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- USA Driving Activity to Increase to All-Time Highs
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension