Project Profile
Value: undisclosed
Location: Southwest of Ula and northwest of Ekofisk, Production license 274, Norway
Water Depth: 236 feet (72 metres)
Reserves: 38 MMbo and 4 bcm
Start-up year: April 2012
Discovery date: 1990s
Located on the Norwegian continental shelf, the Oselvar field is close to the UK border and is situated on Production License 274. The Oselvar structure was discovered in the 1990s and PL 274 was awarded to DONG in 2002. Four years later, exploration drilling commenced utilising the Maersk Guardian jackup, which discovered Oselvar. Shortly after, the appraisal well, 1/3-10, was drilled to investigate the reservoir's deliverability and to acquire the fluid characterization. The appraisal well was drilled to a total depth of 10,787 feet (3,288 meters) and stopped in sediments of Early Paleocene age. The reservoir thickness and the expected reservoir characteristics were /confirm/ied, which proved Oselvar contained oil and associated gas. Following the first appraisal well, two additional wells were drilled in the license, 1/3-10 and 1/3-10A. The latter two appraisal wells proved the field was commercially viable.
DONG E&P Norge has divested its ownership shares to Faroe Petroleum Norge. (July, 2016)
Production at Oselvar will cease in 2018 to make capacity available at Ula for the development of the Oda field. (April, 2018)
Operators:
Faroe Petroleum Norge: Operator with 55% interest
CapeOmega: 45% interest
Contractors:
Aker Solutions: EPC contract for subsea production
Technip: EPC contract
Maersk: Drilling contractor