11/08/2021
The authorities have granted Repsol consent for a new start-up of the Yme field in the North Sea. Yme will once again be producing oil, 20 years after the last time the field was on stream. Planned start-up will be in the second half of 2021.
Yme is one of the first oil fields on the Norwegian shelf to be redeveloped after the field was shut down in 2001. Back then, continued operation was not considered profitable.
Yme was originally developed with a jack-up production facility and a storage ship for the sole structure, Gamma.
A new Plan for Development and Operation (PDO) was approved for Yme in 2007, but the project was not implemented.
The new facilities that will be put to use include the contracted jack-up drilling and production facility Mærsk Inspirer and a wellhead module placed on the existing caisson. A new permanent support structure for the caisson has also been installed, as well as a new subsea template.
The amended PDO was approved in March 2018 without stipulations. The development project has been delayed by more than one year. The developers have estimated total investments at NOK 12 billion.
The recoverable reserves in Yme are estimated at approx. 10 million standard cubic metres of oil (approx. 63 million barrels).
21/01/2025
The Norwegian Offshore Directorate has granted OMV (Norge) AS drilling permit for wellbore 35/6-6 in production licence 1109, cf. Section 13 of the Resource Management Regulations.
17/01/2025
Vår Energi ASA and its partners found gas in the “Elgol” prospect; however, preliminary estimates indicate that the discovery is not profitable given current price assumptions.
14/01/2025
In the 2024 awards in pre-defined areas (APA), 20 companies have been offered ownership interests in a total of 53 production licences on the Norwegian continental shelf (NCS).
09/01/2025
The Norwegian Offshore Directorate's summary of activity on the Norwegian continental shelf in 2024 shows that gas production is higher than ever.
08/01/2025
The Norwegian Offshore Directorate has granted DNO Norge AS drilling permit for wellbore 35/10-15 S in production licence 1182 S, cf. Section 13 of the Resource Management Regulations.
08/01/2025
The Norwegian Offshore Directorate has granted Aker BP ASA drilling permit for wellbore 6507/2-8 in production licence 942, cf. Section 13 of the Resource Management Regulations.
23/12/2024
The Norwegian Offshore Directorate has granted Vår Energi ASA drilling permit for wellbore7/1-3 in production licence 1090, cf. Section 13 of the Resource Management Regulations.
