Subsea tiebacks progressing offshore Norway, Brazil

摘要

AKER BP AND PARTNERS CONOCOPHILLIPS AND Lundin Energy have submitted a plan for development and operation for the Kobra East & Gekko (KEG) project in the northern Norwegian North Sea. The development, designed to recover about 40 MMboe, will help extend the lifetime of the host FPSO Alvheim through 2040. Operator Aker BP estimates project costs at about $1 billion and a breakeven cost of less than $30/bbl. Start-up is targeted for 1Q 2024. The development, encompassing the Kobra East and Gekko discoveries, will involve an 8-km (5-mi) subsea tieback to the FPSO Alvheim.