Production from Gråsel begins ahead of original schedule

Aker BP and the partners in Skarv (Equinor, Wintershall Dea and PGNiG) report that production has started from Gråsel in the Skarv area, four months ahead of the original schedule.

“I’m very proud of the project team and our alliance partners: Only six months have passed since the joint venture decided to develop Gråsel. This must be one of the fastest projects ever executed on the Norwegian shelf,” says Aker BP CEO, Karl Johnny Hersvik. “Together, we have once again completed a profitable project safely, efficiently and within budget – and on top of all that – much faster than planned when the project started,”

The Gråsel reservoir is situated over the Skarv reservoir in the Norwegian Sea, about 210 km west of Sandnessjøen. The reservoir contains around 13 million barrels of oil equivalent. The oil and gas are produced by utilising available capacity on the Skarv production vessel (FPSO).

Total investment costs for the Gråsel project are around NOK 1.2 billion.

Break-even price of USD 15 per barrel

The development consists of a new producer drilled from an existing well slot on the Skarv field, with pressure support from a shared injector for Gråsel and Tilje.

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