TRONDHEIM, Norway – Det norske oljeselskap has submitted a plan for development and operation for the Ivar Aasen field in the North Sea to Norway’s Ministry of Petroleum and Energy.
The field holds reserves of about 150 MMboe. Assuming approval, first oil is due in 4Q 2016. Production could continue for 20 years.
Det norske estimates total investments at NOK 24.7 billion ($4.44 billion).
Ivar Aasen will be developed and operated from a control room center in Trondheim, with relatively low offshore staffing.
Development will take in three discoveries, Ivar Aasen, Hanz and West Cable, with a manned platform located above Ivar Aasen. A subsea installation on Hanz will be tied to the platform via a flowline and umbilical system.
The development spans production licenses PL 001B, PL028B and PL242, where the partners are Statoil Petroleum (50%), Det norske (35%), and Bayerngas Norge (15%).