Frosk is a conventional oil development located in shallow water in Norway and is operated by Aker BP. Discovered in 2018, Frosk lies in block 24/9P (PL 340), with water depth of around 394 feet.
The project is currently in construction stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2021. The development cost is expected to be $230 m.
Field participation details
The field is owned by Lundin Energy, Eni, HitecVision and Aker BP.
Production from Frosk
Production from the Frosk conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 17,200 bpd of crude oil and condensate and 10 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2063.
Remaining recoverable reserves
The field is expected to recover 56.08 Mmboe, comprised of 51.29 Mmbbl of crude oil & condensate and 28.74 bcf of natural gas reserves.
Contractors involved in the Frosk conventional oil field
Some of the key contractors involved in the Frosk project as follows.
EPC Contractors: Subsea 7
Other Contractors: Aker Solutions, Eni, Halliburton, Odfjell Drilling and Shearwater GeoServices
About Aker BP
Aker BP ASA (Aker BP) is an independent oil and gas exploration and production company. It mainly focuses on the Norwegian Continental Shelf (NCS). The company has a balanced portfolio of assets across the upstream value chain. Aker BP operates producing assets include Alvheim, Ivar Aasen, Skarv, Ula and Valhall among others. It also has participating interest in other producing assets such as Atla, Enoch and Gina Krog. The company is also a partner in a major developing project, Johan Sverdrup and has interest in additional exploration licenses. It has offices in Harstad, Sandnessjoen, Stavanger and Trondheim. Aker BP is headquartered in Lysaker, Norway.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.