Equinor ASA and Aker BP AS have agreed to coordinated development of Krafla, Fulla, and North of Alvheim (NOAKA) on the Norwegian Continental Shelf and have started preparations for submitting Plans for Development and Operation (PDO) in 2022.
Equinor is the operator of the Krafla license and Aker BP is the operator of the NOA and the Fulla licenses (OGJ Online, July 12, 2019).
The area, between Oseberg and Alvheim in the North Sea, consists of many licenses and complex reservoirs that contain several oil and gas discoveries with total recoverable resources estimated at more than 500 MMboe, with further exploration and appraisal potential identified, Equinor said in a release June 11.
The contemplated development concept consists of a processing platform in the south operated by Aker BP and an unmanned processing platform in the north operated by Equinor with the possibility of satellite platforms and tiebacks.
Partners in the licenses are Equinor, Aker BP, and Lotos Exploration and Production Norge AS.
