HAMBURG, Germany – DEA has submitted a plan for its first field development offshore Norway.
There the gas will be part-processed in a new module before being transported in a new export pipeline tying into the Polarled trunkline system, and from there to the Nyhamna gas terminal for further processing and delivery to the European market.
DEA and partners Edison, Maersk, and OMV plan to develop around 18.2 bcm of natural gas from two reservoirs at an estimated cost of Eur1.1 billion ($1.23 billion), with a planned start-up in 2020.
Hans-Hermann Andreae, managing director of DEA Norge, said: “Together with our partners, we have come up with a development solution with sustainable long-term economics in an environment of low market prices.
“Over the last few years we have managed to reduce cost by more than 20%. As a consequence, DEA has got the opportunity to open a new area in the Norwegian Sea for gas production and export.”
The Dvalin field is in license PL435, blocks 6507/7/9 and 6507/8, 15 km (9.3 mi) northwest of Heidrun and 290 km (180 mi) from Nyhamna in mid-Norway.