Green light for Faroe to use Oselvar & Trym facilities and pipelines

Faroe Petroleum has received consent from the Norwegian offshore safety regulator, the Petroleum Safety Authority (PSA), to use the facilities and connected pipelines for the Oselvar and Trym fields, offshore Norway. 

Earlier this week, Faroe completed the previously announced acquisition of interests in five Norwegian North Sea producing oil and gas fields from Dong Energy.

The fields include the Ula field (20 percent working interest); two tie-back fields to Ula: Tambar (45 percent) and Tambar East Unit (37.8 percent); Oselvar (55 percent); and the Trym gas field (50 percent).

In addition to taking interest in Oselvar and Trym fields, Faroe also took over operatorship in these two fields.

The Oselvar field is located in blocks 1/2 and 1/3 in the southern North Sea, around 27 kilometers southwest of Ula. The field has been developed using subsea wells and the wellstream is transported to Ula for processing. Production from the field began in 2012.

The Trym field is in block 3/7 in the far south of the North Sea, three kilometers from the boundary with the Danish Continental Shelf. The field has been developed using subsea wells and the wellstream is transported to the Harald platform on the Danish shelf for processing. Production began in 2011.

Faroe Petroleum has taken over operatorship from Dong’s Norwegian subsidiary Dong E&P Norge and, although consent to use the facilities and pipelines has previously been granted, the new operator also requires consent to use them.

The safety authority explained that this is because consent for use also covers the relevant parts of the operator’s management system. The PSA has now given Faroe consent to use these facilities and connected pipelines.

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