Aker BP received a go-ahead to start-up production at its Hanz accumulation as a subsea tieback to the Ivar Aasen Field in the North Sea, the Norwegian Offshore Directorate (NOD) announced Feb. 27.
Hanz was proven in 1997 and is included in the 2013 plan for development and operation for the Ivar Aasen Field.
The project in 380 ft water depth is reusing the subsea installations on the Jette Field, which was shut down in 2016.
In a press release, NOD’s Tomas Mørch, assistant director of license management, called the use of existing infrastructure and an alternative method for pressure support a good use of resources.
Development costs for Hanz were about $400 million, and the project targets recovering about 20 MMboe.
Aker BP expects to begin production during the first quarter of 2024.
Aker BP operates PL028 B with 35% interest on behalf of partners Equinor with 50% and Sval Energi with 15%.
Recommended Reading
Mexico Pacific FID Imminent for Saguaro LNG Trains 1 and 2
2024-04-04 - Mexico Pacific Ltd. is close to taking an initial final investment decision for the first two trains at its Saguaro Energía LNG facility in Sonora, Mexico, which will source feed gas from the Permian Basin.
NextDecade Targets Second Half of 2024 for Phase 2 FID at Rio Grande LNG
2024-03-13 - NextDecade updated its progress on Phase 1 of the Rio Grande LNG facility and said it is targeting a final investment decision on two additional trains in the second half of 2024.
Sempra Targets Summer 2025 for Commercial Start of ECA LNG Phase 1
2024-03-06 - Sempra is targeting the summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul LNG Phase 1 project, located in Ensenada in Baja California, Mexico.
Gunvor Group Inks Purchase Agreement with Texas LNG Brownsville
2024-03-19 - The agreement with Texas LNG Brownsville calls for a 20-year free on-board sale and purchase agreement of 0.5 million tonnes per annum of LNG for a Gunvor Group subsidiary.
CoolCo, GAIL Enter Long-term LNG Agreement
2024-05-16 - CoolCo and GAIL’s agreement is intended to secure long-term LNG supply in India’s market, with GAIL having an option to extend the 14-year agreement by another two years.