Wintershall could make a Final Investment Decision on its Skarfjell field development offshore Norway sometime in the first half of 2018.
This was shared on Tuesday by Cairn, a partner in the Wintershall-operated Skarfjell development through its subsidiary Capricorn Norge
Cairn said that that the joint venture was targeting the final investment decision (FID) for the first half of next year.
Engie-operated Gjøa is a semi-submersible production unit with full processing and export capabilities. It is operated with power from shore – through a 100 km long submarine cable from Mongstad.
Skarfjell is situated in the northeastern North Sea offshore Norway, approximately 20 kilometers southwest of the Engie-operated Gjøa platform and about 130 kilometers northwest of Bergen.
The field is a light oil development which also offers significant adjacent acreage opportunities with tie back opportunities.
According to estimates, Skarfjell is expected to yield between 60 – 140 million barrels of oil equivalents.
The majority of the Skarfjell discovery is located in license PL 418, with a possible extension into PL 378. In PL 418, the operator, Wintershall Norge has 35 percent, Capricorn Norge (part of Cairn Energy) 20 percent, Bayerngas Norge 20 percent, Edison Norge 15 percent, and DEA Norge 10 percent.
In PL 378, Wintershall Norge has 62.5 percent, Capricorn Norge 20 percent, and Repsol Norge 17.5 percent.