Page 16 - EurOil Week 06 2022

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Transition and Sustainable Development Alvheim area, offshore Norway. Kobra East & Gekko (KEG) project in the
Minister. Aker BP as the operator, and its license Alvheim area, offshore Norway.
Spain holds a third of Europe’s partners ConocoPhillips and Lundin Energy Aker BP as the operator, and its license
regasification capacity. In October 2021, filed the PDOto the Ministry in June 2021. partners ConocoPhillips and Lundin Energy
Algeria terminated its natural gas contract The KEG development will contribute filed the PDOto the Ministry in June 2021.
with Morocco over growing political tensions to extend the lifetime of the Alvheim field, The KEG development will contribute
between the two neighbours. improve production and reduce unit costs. to extend the lifetime of the Alvheim field,
Morocco was expected to face difficulties Total investments in the project are improve production and reduce unit costs.
in meeting its LNG needs due to its price, projected at around NOK 8 billion (~$1 Total investments in the project are
and due to the fact that the country does billion) and production is scheduled to start projected at around NOK 8 billion (~$1
not have a floating terminal to import LNG. in the first quarter of 2024. Recoverable billion) and production is scheduled to start
Corridor,” Bekteshi was cited as saying. reserves in KEG are now estimated at in the first quarter of 2024. Recoverable
He said that the authorities are working around 50 million barrels of oil equivalents reserves in KEG are now estimated at
on completing the project for construction (mmboe), Aker BP said. around 50 million barrels of oil equivalents
of a gas interconnector with Serbia and also The development comprises the two (mmboe), Aker BP said.
plans the construction of interconnectors discoveries Kobra East and Gekko in licence The development comprises the two
with Bulgaria and Albania. 203. The field will be developed with subsea discoveries Kobra East and Gekko in licence
The gas interconnector with Greece is a installations connected to the Alvheim FPSO 203. The field will be developed with subsea
project supported by the EU and bilateral on the Alvheim field. The Alvheim field is installations connected to the Alvheim FPSO
donors to the Western Balkans, and will located in the Norwegian part of the central on the Alvheim field. The Alvheim field is
help North Macedonia to ensure security of North Sea near the UK border. located in the Norwegian part of the central
gas supply and liquidity on the gas market, “It is expected that CO2 emissions per North Sea near the UK border.
as well as to provide access to natural gas barrel will be cut in half and oil production “It is expected that CO2 emissions per
through the SGC. from the Alvheim FPSO will double when barrel will be cut in half and oil production
The interconnector that will be built KEG comes on stream,” Aker BP said. from the Alvheim FPSO will double when
between the villages of Bogorodica and Earlier on February 10, Aker BP said KEG comes on stream,” Aker BP said.
Stojakovo will represent another delivery it intended to drill more exploration wells Earlier on February 10, Aker BP said
point for natural gas besides the existing one in 2022, after reporting a record operating it intended to drill more exploration wells
that brings gas from Russia via Bulgaria.. profit for the final quarter of 2021 boosted by in 2022, after reporting a record operating
higher oil and gas prices. profit for the final quarter of 2021 boosted by
higher oil and gas prices.
Norway approves Aker BP Aker BP to export more gas

field

The Norwegian Ministry of Petroleum and from Skarv
Energy on Thursday approved Aker BP’s plan The Norwegian Ministry of Petroleum and
for development and operation (PDO) for Energy on Thursday approved Aker BP’s plan
Kobra East & Gekko (KEG) project in the for development and operation (PDO) for

P16 www. NEWSBASE .com Week 06 10•February•2022