The contract also includes four one-year extension options. The drilling contractor will execute the contract by deploying semi-submersible drilling rigs. Its production stood at 17,500boepd in 2020.ĬOSL Drilling Europe was awarded a four-year frame contract for providing drilling services on the Norwegian Continental Shelf for OKEA in May 2021.Īs part of this contract, COSL Drilling Europe is expected to drill the planned single development well for the Hasselmus project. The Draugen field is situated approximately 140km northwest of Kristiansund, Norway. Both the Draugen field and the Hasselmus gas discovery are located in PL 093 in the south Norwegian Sea.ĭiscovered in 1984, the Draugen oil field commenced operations in 1993. The Hasselmus field development will be the first tieback to the Draugen platform. The oil is transported from the storage cells via pipelines to a floating loading-buoy which loads oil to the shuttle tankers for onshore export. The platform consists of oil storage cells located at the base of the GBS. The topsides on the platform include well stream processing facilities, utilities, as well as accommodation facilities. The water depth in the area is approximately 251.3m and the height of the GBS is approximately 285.1m. The topside modules of the Draugen platform sit on a single-shaft concrete gravity base structure (GBS) based on the Condeep design. The well stream will be processed at Draugen platform which is located approximately 7km southeast of the Hasselmus gas discovery. The Hasselmus field development involves the drilling of a single subsea well, installation of the associated subsea infrastructure, and a tieback to the Draugen platform. The field’s reservoir comprises the Early Jurassic sandstones of the Ror and the Ile Formations. The well encountered a 16m gas column and a 6.8m oil column. The offshore gas field was discovered through the drilling of the Hasselmus wildcat well, 6407/9-9 by Norske Shell in 1999. The water depth in the area is approximately 250m. The Hasselmus field is located in blocks 6407//9H within PL 093 in the south Norwegian Sea, Norway. ![]() The contract will be booked as order intake in the second quarter of 2021 in the Electrification, Maintenance and Modifications business segment. It is a single well subsea development solution with tie-back to the Draugen platform. The breakeven price for the Hasselmus project is estimated to around USD 28/boe or 85 øre/Sm 3. The Hasselmus field is located 145 kilometers north of Kristiansund in the Norwegian Sea. Production start-up is planned in Q4 2023 with plateau gas production of more than 4,400 barrels of oil equivalents per day gross. Location, discovery, and reservoir details The development concept is a single subsea well with direct tie-back to the Draugen platform. Neptune Energy picked up a 7.56% interest through the acquisition of VNG Norge in September 2018. OKEA acquired a 44.56% interest in production licence 093 and assumed operatorship of the Draugen field from Norske Shell in November 2018.
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