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Aker BP: Tyrving on stream

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Aker BP has announced the start of oil production from the Tyrving field in the Alvheim area. The development, operated by Aker BP with partners Petoro and PGNiG Upstream Norway, consists of three wells and two new subsea installations tied back to existing infrastructure. Tyrving is expected to increase production while reducing unit costs and CO2 emissions per barrel.

Key points:

  • Recoverable resources estimated at 25 million barrels of oil equivalent
  • Exceptionally low emissions of 0.3 kg CO2 per barrel
  • Leverages planned extended lifetime of the Alvheim field
  • Tied back to East Kameleon and Alvheim FPSO

This development marks a significant milestone for Aker BP in enhancing production efficiency and environmental performance in the Alvheim area.

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-6.90% News Effect

On the day this news was published, AKRBF declined 6.90%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BÆRUM, Norway, Sept. 3, 2024 /PRNewswire/ -- Oil production has started from the Tyrving field in the Alvheim area. Tyrving is operated by Aker BP, with Petoro and PGNiG Upstream Norway as partners.

The Tyrving development leverages the planned extended lifetime for the Alvheim field and will increase production while reducing both unit costs and CO2 emissions per barrel.
 
The Tyrving development consists of three wells and two new subsea installations (manifolds), tied back to existing infrastructure at East Kameleon and further to the Alvheim FPSO.
 
Recoverable resources in Tyrving are estimated at approximately 25 million barrels of oil equivalent. Tyrving will operate with exceptionally low emissions, estimated at just 0.3 kg of CO2 per barrel.

Contacts:
Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217
Carl Christian Bachke, Investor Relations Officer, tel.: +47 909 808 48

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-bp-asa/r/tyrving-on-stream,c4031643

The following files are available for download:

https://mb.cision.com/Main/1629/4031643/2978068.pdf

Release

https://news.cision.com/aker-bp-asa/i/tyrving-reservoir-illustration,c3329401

Tyrving reservoir illustration

 

Cision View original content:https://www.prnewswire.com/news-releases/aker-bp-tyrving-on-stream-302236457.html

SOURCE Aker BP ASA

FAQ

When did oil production start at the Tyrving field for Aker BP (AKRBF)?

Oil production from the Tyrving field, operated by Aker BP (AKRBF), started on September 3, 2024.

What are the estimated recoverable resources for Aker BP's Tyrving field?

The estimated recoverable resources for Aker BP's Tyrving field are approximately 25 million barrels of oil equivalent.

How much CO2 emissions per barrel are expected from Aker BP's Tyrving field?

The Tyrving field is expected to operate with exceptionally low emissions of just 0.3 kg of CO2 per barrel.

What infrastructure is the Tyrving field tied back to for Aker BP (AKRBF)?

The Tyrving field is tied back to existing infrastructure at East Kameleon and further to the Alvheim FPSO.

Who are Aker BP's partners in the Tyrving field development?

Aker BP's partners in the Tyrving field development are Petoro and PGNiG Upstream Norway.
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