Aker BP Launches Solveig Phase 2 Development
Aker BP has officially commenced oil production from the Solveig Phase 2 project in the North Sea. This venture has been executed on time and within budget, successfully adding around 39 million barrels of oil equivalent in recoverable resources to the Solveig field.
Project Overview of Solveig Phase 2
The Solveig site is situated approximately 15 kilometers from the Edvard Grieg platform and operates as a subsea development connected to Edvard Grieg via existing infrastructure. The project encompasses three wells aimed at tapping into both new and established reservoir segments. These additions are designed to prolong the plateau production phase at the Solveig field while optimizing the utilization of the available capacity on the Edvard Grieg platform.
Message from Leadership
According to Aker BP's CEO, Karl Johnny Hersvik, "Aker BP has once more accomplished the delivery of a project with a focus on safety, efficiency, and superior quality. Successfully bringing Solveig Phase 2 online on schedule and within budget highlights the capabilities of our suppliers and our operational execution model—ultimately generating value for shareholders, partners, and the community at large."
Collaboration with Leading Suppliers
The execution of this development has been a collaborative effort with several prominent suppliers. TechnipFMC has been responsible for delivering the subsea systems, while Moreld Apply has managed modifications on the Edvard Grieg platform. Drilling operations have been skillfully conducted by Odfjell Drilling and Halliburton, through Aker BP's established drilling and wells alliance. This teamwork has ensured that the project was carried out safely, efficiently, and to a high standard of quality.
Milestone Achievements
Solveig Phase 2 represents the fifth project operated by Aker BP that was approved in 2022 and has now begun production. Aker BP is the operator of both the Solveig (PL359) and Edvard Grieg (PL338) projects, holding a 65 percent working interest, with OMV Norge AS and Harbour Energy Norge AS as partners, possessing 20 percent and 15 percent interests respectively.
Contact Information
For further inquiries, you can reach out to: Ole-Johan Faret, Press Spokesperson, at +47 402 24 217, or Kjetil Bakken, Head of Investor Relations, at +47 918 89 889.
Frequently Asked Questions
What is the main goal of Solveig Phase 2?
The main goal of Solveig Phase 2 is to enhance oil production and increase recoverable resources, specifically adding approximately 39 million barrels of oil equivalent.
Where is the Solveig field located?
The Solveig field is located around 15 kilometers south of the Edvard Grieg platform in the North Sea.
Who are the primary partners in the Solveig and Edvard Grieg projects?
Aker BP operates both projects with a 65 percent interest, while OMV Norge AS and Harbour Energy Norge AS hold 20 and 15 percent interests, respectively.
What role did TechnipFMC play in the project?
TechnipFMC was responsible for delivering the subsea systems crucial for the development of Solveig Phase 2.
How many projects has Aker BP launched in 2022?
Aker BP has launched five projects that were sanctioned in 2022.
