Minister of Petroleum and Energy Terje Aasland received a plan for development and operation (PDO) from operator Aker BP and partners Petoro and LOTOS Exploration and Production Norge AS. From right: Terje Aasland, Kristin Johnsen (Petoro), Ine Dolve (Aker BP), Sjur Hundsnes (Aker BP), Are Eikeland (Aker BP) and Geir Djuve (LOTOS). Photo: Margrete Løbben Hanssen / OED
Plan for development and operation (PDO) for Trell & Trine was handed over to the Ministry of Petroleum and Energy on August 10th. The development will utilize the extended lifespan of the Alvheim field, increase production and reduce both unit costs and CO2 per barrel.
- It is uplifting that we are able to find good solutions to utilize existing infrastructure in the Alvheim area. This contributes to increased value creation on the Norwegian continental shelf," says managing director of Petoro, Kristin Kragseth.
The discoveries Trell and Trine are located in the North Sea 24 kilometers east of the production ship Alvheim and are planned to be developed with three wells and two new underwater installations. These will be linked to the existing infrastructure at East Kameleon and further to Alvheim.
Total investments are estimated to approximately NOK 6 billion (about USD 700 million). Production is scheduled to start in the first quarter of 2025.
Recoverable resources in Trell & Trine are estimated at around 25 million barrels of oil equivalent and will produce with very low emissions, estimated at 0.3 kg CO2 per barrel.
Operator is Aker BP, license partners Petoro and LOTOS Exploration & Production.