The Ivar Aasen field is Det norske’s first major development project as operator. The field development project is progressing according to schedule towards a planned start-up in the fourth quarter 2016. Det norske is the operator of the unitized development, with a 34.7862 percent interest.
The Ivar Aasen development compromises resources in five fields, PL 001B, 028B, 242, 338 and 547. The licencees in the five fields signed an agreement, which establishes the ownership interest in the unitized field, in June 2014. Det norske is the operator with 34.7862 percent ownership interest.
The unit agreement comprises the Ivar Aasen and West Cable deposits. The Hanz deposit remains in PL 028B, where Det norske is operator and has 35 percent interest. Hanz is planned to be developed in phase 2 of the Ivar Aasen development.
Ivar Aasen partnership:
Det norske oljeselskap 34.7862 percent
Statoil Petroleum 41.4730 percent
Bayergas Norge 12.3173 percent
Wintershall Norge 6.4651 percent
VNG Norge 3.0230 percent
Lundin Norway 1.3850 percent
OMV Norge 0.5540 percent
The Ivar Aasen field is situated west of the Johan Sverdrup field in the North Sea, and contains approximately 204 million barrels of oil equivalents, Hanz deposit included. Net to Det norske, this amounts to about 71 mmboe.
The anticipated economic life of Ivar Aasen is 20 years, depending on oil price and production trend.
The field development is progressing according to schedule towards a planned start-up in the fourth quarter 2016. Activity has now started on the Ivar Aasen field in the North Sea. The drilling of pilot wells started in the first quarter 2015, and it is being carried out by the rig Maersk Interceptor.
In summer 2014, the project reached an important milestone when one of the main parts of the jacket was rolled up. The jacket was completed and delivered from Saipem’s yard in Arbatax on Sardinia in the first quarter 2015. It will be put in place on the Ivar Aasen field in the second quarter of 2015, where it will stand 25 metres above the water surface.
The platform deck is also gradually taking shape at SMOE’s yard in Singapore. The lower deck has been sandblasted and painted. New steps are being taken every day on this complicated structure that will sail to the Utsira Hight in the first half-year 2016.
Operated from Trondheim
The Ivar Aasen field is developed and operated from Trondheim. Det norske aims to make use of state-of-the-art technology, ensuring efficient operation and low offshore staffing. An operation centre with control room will be established in Trondheim. The Ivar Aasen development will require approximately 2000 full-time equivalents.