Submitting three PDOs in the Skarv area

16 December 2022

Aker BP (operator), on behalf of the partners PGNiG, Wintershall Dea and Equinor, today submits Plans for Development and Operations (PDOs) for three separate developments in the Skarv area to the Norwegian Ministry of Petroleum and Energy. 

The development projects, coordinated by the Skarv Satellite Project (SSP), consist of the gas and condensate discoveries Alve Nord, Idun Nord and Ørn. Each of the developments comprises of a 4-slot template and two wells, subsea tied back to the Skarv FPSO, located in the northern part of the Norwegian Sea.  

“The development of the three discoveries is coordinated by one project team, to reduce costs through common infrastructure and harvest synergies across the deliveries. The Skarv Satellites Project enables future growth by strengthening current infrastructure, increases the flexibility and prolongs estimated production period for Skarv FPSO,” says Kristine Gunnarshaug, SSP project manager. 

The total recoverable resources to be unlocked by the project is estimated to approximately 120 million barrels of oil equivalent (mmboe), predominantly gas. Total investments are estimated at close to NOK 17 billion in real terms. Production start is planned for the third quarter 2027. Production from SSP will have low incremental CO₂ emissions of 4.5 kg/boe and will account for approximately 60 percent of Aker BP’s net production from the Skarv area for several years.  

SSP contracts awarded 

The project will use Aker BP’s alliance model in the execute stage. The estimated total Norwegian content for the investment is approximately 60 percent. In addition, the project aims to use local suppliers as much as possible, to increase regional effects.  

Aker BP on behalf of the three SSP licenses partners enter the following execution contracts: 

• Subsea 7 for Subsea Umbilical Riser Flowline (SURF) and with Aker Solutions for Subsea Production System (SPS). The contract will be executed by the Subsea Alliance 
• Aker Solutions for modification scope at Skarv FPSO. The contract will be executed by the Modification Alliance 

All contracts were awarded following the approval by the MPE for making early project commitment and are subject to the final approval of the PDO. 

Licenses and partners

Alve Nord – PL 127C:  

• Aker BP 68.1 percent (operator) 
• Wintershall DEA 20 percent 
• PGNiG 11.9 percent

Idun Nord – PL 159D: 

• Aker BP 23.8 percent (operator) 
• Wintershall DEA 40 percent
• Equinor 36.2 percent

Ørn – PL 942:

• Aker BP 30 percent (operator) 
• PGNiG 40 percent
• Equinor 30 percent

Link: About Skarv 

Contacts:
Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217
Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889

About Aker BP:
Aker BP is an independent E&P company with exploration, development and production activities on the Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker ‘AKRBP’. More about Aker BP at www.akerbp.com.