Norway regulators authorize Faroe to operate Oselvar, Tyym in North Sea

Norway’s Petroleum Safety Authority (PSA) has authorized Faroe Petroleum Norge to take over operatorship of Oselvar and Trym fields in the southern Norwegian North Sea from Dong E&P Norge AS.

Oselvar field lies on Blocks 1/2 and 1/3, about 17 miles southwest of Ula. The field was developed using subsea wells. Production started in 2012 (OGJ Online, June 10, 2009).

Trym field lies on Block 3/7, which is nearly 2 miles from the median line with Denmark. Trym also was developed using subsea wells. Production began in 2011.

Faroe previously acquired 50% interest in Oselvar and Trym fields from Dong.

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