Repsol presents revised plan for Yme development

Spanish oil company Repsol has submitted a revised plan for development and operation (PDO) of the Yme field off Norway to the Norwegian Ministry of Petroleum and Energy.

The revised PDO is based on re-use of existing facilities that were installed on the field during the development in 2007 to the extent possible, a new wellhead module on top of the existing caisson and the lease of a mobile offshore drilling and production unit, Repsol said in a statement on Tuesday.

The company added that the existing storage tank, caisson, pipelines, subsea templates and offloading system will be reused. In addition, all existing wells will be used and further wells will be drilled.

Repsol is acting as operator of and on behalf of the partners in the Production Licence 316/316B on the Norwegian Continental Shelf. The developing consortium is made up of Repsol (55%), Lotos Exploration and Production Norge (20%), OKEA (15%), KUFPEC Norway (10%)

Overall, the total investment in the Yme New Development project is estimated at approximately NOK 8 billion ($956.1M), and Norwegian suppliers will account for 70% of the total.

Total Norwegian employment in the development phase is estimated to just below 12,000 man-years. Annual national employment in the operational phase is estimated to about 1,000 man-years.

The recoverable oil reserves for the Yme field are estimated at approximately 65 million barrels at 10 year’s total production. First oil from Yme is planned for the first half of 2020.

Earlier in December, Maersk Drilling hired Aker Solutions to modify the production module on the Maersk Inspirer jack-up rig for the Yme oilfield. The work scope covers engineering, procurement, construction, installation and commissioning services.

The North Sea Yme field was a producing field from 1996 to 2001, after which the field was shut down and the facilities removed. It was no longer profitable to operate the field. Talisman then tried to bring it back online using an SBM-supplied production platform, however this plan was abandoned due to structural integrity issues with the platform, which was then decommissioned without having produced a single barrel of oil.

Talisman was then acquired by Repsol which is now redeveloping the Yme field using the Maersk Inspirer jack-up unit.

Also in December, Repsol hired Atkins to provide structural front end engineering design (FEED) for the remediation of the Yme asset in the North Sea.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both domestic and overseas buyer groups, including Shell, Exxon Mobil, Total…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply