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Aker BP files plan to develop Trell-Trine oil project
NORWAY
The project will bring about 25mn barrels of oil equivalent.
NORWEGIAN oil and gas player Aker BP filed a plan on August 10 with Norwegian authorities to develop and operate the Trell & Trine oil pro- ject, aimed at recovering some 25mn barrels of oil equivalent.
The Trell and Trine discoveries are located at production licences 102 F/G and 036E/F respectively, some 24 km east of the Alvheim floating production storage and offloading (FPSO) vessel, which would handle their pro- duction. The project would involve sinking three wells and constructing two subsea man- ifolds. One of the three wells would target the Trell Nord prospect, which though unproven has a high likelihood of becoming a discovery, Aker BP said.
The company estimates the cost of the project at NOK6bn ($700mn), and it is targeting first oil in the first quarter of 2025.
The Alvheim area is a well-established petro- leum-producing area, containing also the Boyla, Volje, Volund and Sokogul fields, all of which are hooked up to the Alvheim FPSO. The area’s
recoverable resources were originally assessed at 200mn barrels, when first oil was achieved in 2008, but since then more than 550mn barrels have been recovered.
Aker BP is hopeful that up to 1bn barrels can be recovered in total by 2040.
“When Trell and Trine are approved, the Alvheim area will surpass 750mn barrels either produced or sanctioned for development,” Aker BP’s vice president for operations and asset development at Alvheim, Thomas Hoff-Hansen, said in a statement. “Along with our partners, we see good opportunities for both connecting more discoveries to the established infrastruc- ture in the area, as well as working to mature new exploration prospects.”
Aker BP operates Trell and Trine with a 48.4% interest, while ABP Norway has 12.84%, Lotos has 11.9% and Petoro has 26.84%. When devel- opers in Norway file a plan for development and operation of a field, this is taken to mean that, if authorities approve it, they are committed to seeing the project through. ™
PKN Orlen says in talks on
Russian oil imports to Czech
Republic
Poland’s PKN Orlen, owning refineries in the Czech Republic, is in talks to resume Russian oil supplies, spokeswoman for Czech operator MERO Barbora Putzova, told PRIME on Thursday.
“The negotiations on further oil supplies to the Czech Republic continue at the level of Poland’s company PKN Orlen, which owns Czech refining capacities,” Putzova said.
Aide to Transpetrol CEO Linda Vaskovicova said earlier that Russia will not resume oil supplies via the Druzhba pipeline to the Czech Republic.
On August 4, Ukrainian state company Ukrtransnafta stopped Russian oil pumping through the southern line of the Druzhba pipeline to Hungary, the Czech Republic and Slovakia because of the troubles with payments after the seventh package of sanctions. On Wednesday, Russia’s Transneft
NEWS IN BRIEF
restarted the shipments after Hungarian oil and gas company MOL and Slovnaft paid for the transit.
GIE: EU continues to put gas in storages at high rates August
The E.U. continued to put gas in its underground storages at high rates in August in spite of limited imports from Russia, Gas Infrastructure Europe (GIE) said in a statement Thursday.
As of the end of the Tuesday gas day,
at 7:00 a.m. Moscow time on Wednesday, the European gas storages were 72.79% full, with the reserve growth amounting
to 0.39 percentage point on the day. The overall reserves amounted to 73.5 billion cubic meters. At the same date in 2021, the reserves were 60.12% full.
The average daily reserve increase amounted to 0.39 percentage points in August after 0.34 percentage points over the last five years..
Report: Bulgaria may restart gas imports from Gazprom
The Bulgarian government is considering different options of solving the country’s energy crisis, including restarting natural gas imports from Russian gas giant Gazprom, Caretaker Energy Minister Rossen Hristov said in an interview to local television channel bTV broadcast late on Tuesday.
“We are a government of technocrats, and we are considering all options, including a restart of supplies from Gazprom. We are considering alternative suppliers as a priority, but if it turns out that they are not sufficient, I will not be the minister who will leave the people freeze in the winter,” he said.
Gazprom stopped pumping gas to Bulgaria in April as the country refused to pay for it
in rubles. The Bulgarian government of Kirill Petkov later signed an agreement with the U.S. on the delivery of seven liquefied natural gas (LNG) tankers, but the country’s business representatives thought it will not be enough.
As a result, the government resigned, and attempts to form a new government failed.
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