Aker BP (OSE:AKRBP, OTCQX:AKRBF) The Norwegian Ministry of Petroleum and Energy
has today approved the Plan for development and operation (PDO) for Tyrving
(previously Trell & Trine) in the Alvheim area.
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The Operator Aker BP and licence partners Petoro AS and PGNiG Ustream Norway AS
submitted the PDO to the Ministry in August last year (Link to the press
release) (https://akerbp.com/borsmelding/submitting-pdo-for-trell-trine-in-the
-alvheim-area/).
The Tyrving development will utilise the planned extended lifetime for the
Alvheim field, increase production and reduce both unit costs and CO2 per
barrel.
Total investments are estimated to approximately NOK 6 billion (about USD 700
million). Production is scheduled to start in the first quarter of 2025.
Recoverable resources in Tyrving are estimated to approximately 25 million
barrels of oil equivalent. Tyrving will produce with very low emissions,
estimated at 0.3 kg CO2 per barrel.
The development will be carried out in cooperation with Aker BP's alliance
partners. This is in line with Aker BP's strategy for increased value creation
through alliances and strategic partnerships.
· Link: Alvheim FPSO celebrates fifteen years of production
(08.06.2023) (https://akerbp.com/en/news/)
Contacts:
Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217
Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889
About Aker BP:
Aker BP is a company engaged in exploration, field development and production of
oil and gas on the Norwegian continental shelf. The company operates the field
centres Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula and Valhall, and is a
partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu,
Norway, and is listed on Oslo Børs under the ticker AKRBP. More about Aker BP at
www.akerbp.com.