Det norske Lifts Resource Estimate for Ivar Aasen Field

June 30, 2014

World Energy Reports LLC.

Norwegian oil firm Det norske has lifted the resource estimate for the Ivar Aaasen field in the North Sea after signing an agreement to combine several adjunct licenses and good drilling results, it said on Monday.

The firm said the combined estimated gross proven and probable reserves were now 210 million barrels of oil equivalents (mmboe), up 35 percent compared to the end-2013 estimate.

Meanwhile, investments for the field's development were unchanged at 27.4 billion Norwegian crowns ($4.45 billion), it added. The field was still expected to start up production in the fourth quarter of 2016.

Det norske is the operator of Ivar Aasen with a stake of 34.8 percent. Its partners include Statoil, Lundin Petroleum, OMV, Bayerngas, Wintershall, a unit of chemicals giant BASF and VNG.

(Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request Free Trial
Related company: » Lundin Petroleum