Aker BP, Equinor Declare FID in North Sea's NOAKA Automated Field Project
–Journal of Petroleum Technology
Norway's Aker BP together with Equinor and Poland's LOTOS Exploration & Production Norge have taken a final investment decision (FID) to develop the NOAKA area on the Norwegian shelf utilizing a first-of-its-kind, unmanned platform concept driven by a technologically innovative operations model. Aker BP submitted its plan for development and operation (PDO) of the NOAKA area to Norway's Ministry of Petroleum and Energy on 16 December. The NOAKA plan was among 10 PDOs (plus one PIO for installation and operation) submitted the same day by Aker BP and its partners, representing 20.2 billion (NOK 200 billion)--a figure the company called "one of the largest private industrial developments in Europe." Lars Høier, Aker BP's senior vice president for NOAKA, called the project "the next major development on the Norwegian shelf … (which is) now opening up a mature and prospective area in the North Sea." Reserves there are estimated at 650 million BOE and are expected to account for a significant share of Aker BP's production starting from 2027.
Journal of Petroleum Technology
December, 2022
- Country:
- Europe
- Denmark > North Sea (0.61)
- Netherlands > North Sea (0.61)
- Norway > North Sea (0.72)
- United Kingdom > North Sea (0.61)
- Europe
- Industry:
- Energy > Oil & Gas
- Upstream (1.00)
- Government > Regional Government
- Europe Government > Norway Government (0.56)
- Energy > Oil & Gas
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- Information Technology (0.32)