Ivar Aasen Field Officially Opens

From left Øyvind Eriksen, chairman of the board in Aker BP ASA and CEO in Aker ASA, Minister of Petroleum and Energy Terje Søviknes., Karl Johnny Hersvik CEO Aker BP), Bjørn Thore Ribesen (Offshore Installation Manager – Ivar Aasen) and Sverre Skogen (leder av Aker BPs Company Council.

Norwegian Minister of Petroleum and Energy, Terje Søviknes, has officially opened Ivar Aasen field in the North Sea, on February 13, 2017.

“The development of Ivar Aasen is an important milestone for the oil industry, and represents significant values for the Norwegian society,” said Søviknes at the opening ceremony, which was conducted on the helideck on the Ivar-platform.

Oil production from the Aker BP-operated field started on December 24, 2016, four years after the Plan for Development and Operation (PDO) was submitted.

The project has a total cost framework of NOK 27.4 billion.

A total of more than 5000 people, primarily in Trondheim, London, Singapore, Arbatax (Sardinia), Stord and Oslo, have spent more than 17 million working hours on the Ivar Aasen project.

“Production start-up was a huge milestone for Aker BP as a company. This would not have been possible without skilled, safety-conscious employees and suppliers working closely together. We have achieved good results by working as a single team with a common goal – completely in line with our values,” said Aker BP CEO, Karl Johnny Hersvik.

The recoverable reserves for the Ivar Aasen project are estimated at more than 200 million barrels of oil equivalents. The field’s economic lifetime could be 20 years, depending on oil prices and production development.

Share this article

Follow Subsea World News

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! It is also;…

read more >

3rd Deepwater East & Southern Africa Congress 2017

The past successful two series has gathered around 600 industrial professionals, while most of which thought this event informative and useful…

read more >

Offshore Wind Energy 2017

In 2017, EWEA and RenewableUK will join forces to bring you the greatest conference and exhibition Europe has ever known in the history…

read more >

UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
UTC welcomes abstracts based on the topics listed below. If selected, please consider writing a paper in addition to the UTC presentation. From 2017, UTC papers will be published in an international database.

More info

read more >