The Norwegian Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) for Aker BP’s Frosk oilfield development
Located 28 km south of the Alvheim field in the central North Sea on the Norwegian continental shelf, Frosk is co-owned and operated by Aker BP with Vår Energi and Lundin Energy Norway serving as licence partners. The partners submitted the PDO to the ministry September 2021.
The Frosk field is estimated to hold about 10M recoverable barrels of oil equivalent and ties back to the Alvheim FPSO via existing Bøyla and Alvheim subsea infrastructure. It utilises free capacity in processing facilities with only a marginal increase in power consumption and CO2 emissions.
The development concept is based on valuable production experience from a test well. Two new production wells are to be drilled.
Total investment in the project is projected at around Nkr2Bn (US$197M), with first production targeted in Q1 2023.
Lundin Energy is now a fully owned subsidiary of Aker BP following Aker’s acquisition and will be renamed ABP Norway effective 1 July 2022.
