The Kobra East and Gekko project targets 40 MMboe of recoverable reserves. (Source: Aker BP)
Production has begun from Aker BP’s Kobra East & Gekko (KEG) project on the Norwegian Continental Shelf, the company announced on Oct. 26.
The project in the Central North Sea in 410 ft water depth is a subsea tieback to the nearby Alvheim FPSO. Production from KEG was initially targeted for first-quarter 2024.
Aker BP filed a plan for the $712 million (NOK 8 billion) development and operation to the Ministry of Petroleum and Energy in June 2021. Aker BP said the project, targeting 40 MMboe of recoverable reserves, came in under budget in addition to being ahead of schedule, noting that drilling costs claimed a major chunk of the project’s overall budget. About 42 km of wellbore was drilled for four wells.
"The successful start-up of production from KEG also represents a new chapter in Alvheim's proud history of being among the most cost-efficient oil and gas producers on the Norwegian shelf with a resource base that has multiplied since start-up," Aker BP CEO Karl Johnny Hersvik said in a press release.
The KEG project is the second of three planned tiebacks to the Alvheim FPSO. In March, the fast-track Frosk subsea tieback project began production. Tyrving is slated to begin production in 2025.
"The KEG project adds important volumes to the existing production capacity at Alvheim FPSO and will enable extended lifetime up to 2040. The ongoing Tyrving project, which is estimated to come on stream in 2025, will add further production to the FPSO," Alvheim Director Ine Dolve said in a press release.
The Alvheim FPSO started production in 2008, and nearly 600 MMboe have been produced from the area since.
Aker BP operates the KEG project on PL203 on behalf of partner ConocoPhillips Skandinavia AS.
Recommended Reading
Equinor Begins Producing Gas at Development Offshore Norway
2025-03-17 - Equinor started production at its Halten East project, located in the Kristin-Åsgard area in the Norwegian Sea.
CNOOC Starts Production at Two Offshore Projects
2025-03-17 - The Caofeidian 6-4 Oilfield and Wenchang 19-1 Oilfield Phase II projects by CNOOC Ltd. are expected to produce more than 20,000 bbl/d of crude combined.
Chevron Buys 15.4MM Shares of Hess Stock on Open Market
2025-03-17 - Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.
PE Firm Voyager to Merge Haynesville OFS Firm with Permian’s Tejas
2025-03-17 - Private equity firm Voyager Interests’ Haynesville Shale portfolio company VooDoo Energy Services will merge with Tejas Completion Services as part of a transaction backing Tejas, Voyager said.
Russia’s Shadow Fleet Includes More Than 1,000 Ships
2025-03-17 - The Russian Federation’s illegitimate oil tankers are keeping the country’s economy afloat, analysts say.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.