(Image courtesy Aker BP)
Development costs came in on budget at around $217 million, and included drilling of two wells, subsea installations, pipelines, and hook-up.
Kobra was discovered in 1997 in production license 203, and Viper was discovered in 2009 in PL 203 in 2009.
However, the accumulations constitute part of the Alvheim field and development was therefore included in the plan for development and operation for Alvheim.
The scope comprised a new subsea installation with a pipeline tied into the Volund manifold. The four well slots accommodate one well each on Viper and Kobra, with two slots remaining for potential future wells in the area.
Aker BP estimates that the two reservoirs each contain about 4 MMbbl of recoverable oil including gas. The total recoverable is 9 MMboe.
The initial production rate should average 15,000 boe/d.
Aker BP operates the Alvheim license in partnership with ConocoPhillips and Lundin Norway.