A revised plan for development and operation (PDO) for the Yme field in the Norwegian North Sea has been submitted to Norway's Ministry of Petroleum and Energy by operator Repsol.
Repsol says it's going to invest about US$960 million (NOK8 billion) in the Yme New Development project, which will involve re-use of an existing caisson structure with a new well head platform and a mobile offshore drilling unit (MODU).
The Yme field was discovered in 1987 and produced about 50MMbbl from 1996-2001 until low oil prices led to its closure by operator Statoil.
An earlier attempt to develop the Norwegian North Sea field, led by Talisman, was hit by issues with the substructure of a mobild offshore production unit (MOPU), which had been installed in the field. A decision to scrap the MOPU platform was made in March 2013, and the structure removed last year in Allseas' maiden offshore lift for the Pioneering Spirit heavy lift vessel.
The revised PDO will see the existing storage tank, caisson, pipelines, subsea templates and offloading system will be reused. All existing wells will be used and further wells will be drilled.
The recoverable oil reserves for the Yme field are estimated at about 65 MMbo at 10 year’s total production. First oil from Yme is planned for 1H 2020.
Contracts
Repsol awarded UK engineering firm Atkins a contract for structural front end engineering design (FEED) and detailed design services for work on the Yme field
The firm awarded a contract to Maersk Drilling for use of the combined drilling and production jackup Mærsk Inspirer for five years, with a five-year extension. It will drill on and produce from the Yme field.
Following modification work to the production module, by Aker Solutions, the jackup contract is expected to start operations in Q4 2019.
Kvaerner was awarded a contract with Repsol Norge for the construction of a permanent caisson support structure.
Repsol is operator (55% equity) on the production license 316/316B containing Yme with partners Lotos Exploration and Production Norge (20%), OKEA (15%), and KUFPEC Norway (10%).
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