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Aker BP and partners submit development plan for Kobra East & Gekko

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Oilfield Technology,

Aker BP (operator) and licence partners ConocoPhillips Skandinavia AS and Lundin Energy Norway AS have submitted a plan for development and operation (PDO) for Kobra East & Gekko (KEG) to Norway's Ministry of Petroleum and Energy. The development will contribute to extend the lifetime of the Alvheim field, improve production and reduce unit costs.

Total investments in the project are projected at around US$1 billion and production is scheduled to start in 1Q24. Recoverable reserves in KEG are estimated at around 40 million boe.

The development comprises the two discoveries Kobra East and Gekko in licence 203. The field will be developed with subsea installations connected to the production vessel on the Alvheim field (Alvheim FPSO), which is located in the Norwegian part of the central North Sea near the UK border.

It is expected that CO2 emissions per barrel will be cut in half and oil production from the Alvheim FPSO will double when KEG comes on stream. In addition, the KEG development will contribute to extend the lifetime of the Alvheim FPSO.

The KEG development will involve drilling about 42 km from a total of four multi-branch wells in the reservoir. The drilling will take place from two drilling locations, Gekko South and Gekko North, and the subsea equipment on the seabed is designed with a view toward flexibility and the possibility of further developments in the future.

The Alvheim field consists of the Kneler, Boa, Kameleon and East Kameleon structures, as well as the Viper-Kobra structures and Gekko discoveries. The Alvheim area includes satellite fields Bøyla, Vilje, Volund and Skogul. All these fields are produced via the Alvheim FPSO, which came on stream on 8 June 2008.

“Alvheim is a success story that both we and our partners can be proud of. The field is among the most cost-efficient on the Norwegian shelf, and the resource base has multiplied since start-up. This is the result of targeted exploration and business development, technological innovation and, not least, exceptionally good cooperation with the suppliers. The KEG project represents a new chapter of this proud history,” said Aker BP CEO, Karl Johnny Hersvik.

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