Aker BP Makes North Sea Find
Aker BP revealed Monday that it has made a discovery in the Frosk exploration well 24/9-12, which is located near Alvheim in the North Sea.
Preliminary analysis indicates a discovery size of between 30 and 60 million barrels of oil equivalents (mmboe), which is ‘significantly more’ than the company’s pre-drill estimates of between 3 and 21 mmboe, Aker said in a company statement.
“The Frosk discovery adds significant volume and value to our resource base, and provides an ideal basis for another profitable expansion project which will secure optimal utilization of the infrastructure in the Alvheim area for many years,” Gro G. Haatvedt, senior vice president of exploration at Aker BP, said in a statement on the company’s website.
“The discovery has given us valuable new information about the geological conditions in the area, and has further increased the attractiveness of other possible exploration targets,” Haatvedt added.
Frosk is situated in PL340, which also contains the Boyla field. Boyla has been producing oil since 2015 through a subsea installation tied back to the Alvheim FPSO.
Aker BP holds a 65 percent interest in PL340, with Point Resources holding a 20 percent stake and Lundin Norway holding the remaining 15 percent interest.
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