Full speed ahead for Ærfugl Phase 2
The Ærfugl partners have decided to proceed with Phase 2 of the Ærfugl project in the Norwegian Sea, three years ahead of the original plan. The Ærfugl field, which produces via Skarv FPSO, is one of the most profitable development projects on the Norwegian shelf with a break-even price of around USD 15 per barrel (converted from gas).Operator Aker BP and partners Equinor, Wintershall DEA and PGNiG approved the final investment decision (DG3) for Ærfugl Phase 2 in early November. The goal is to start production from the first Phase 2 well as early as in first half of 2020. This means that