Brasse is a conventional oil development located in shallow water in Norway and is operated by Okea. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Brasse was discovered in 2016, lies in block 31/7P (PL 740) and 30/9P (PL 740), with water depth of around 407 feet. Buy the profile here.
The project is currently in feed stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2024. The development cost is expected to be $550 m. The Brasse conventional oil development will involve the drilling of approximately five wells and includes subsea tree.
Field participation details
The field is owned by DNO, Hibiscus Petroleum, M Vest Energy, Okea, Others and Rex International Holding.
Production from Brasse
Production from the Brasse conventional oil development project is expected to begin in 2026 and is forecast to peak in 2027, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2060.
Contractors involved in the Brasse conventional oil field
Some of the key contractors involved in the Brasse project as follows.
Other Contractors: Gaffney, Cline & Associates, CHC Group, Odfjell Drilling, ABL Group and Safepath
OKEA ASA (Okea) is an explorer and developer of oil and gas. The company provides services such as oil and gas exploration, production, and development of oil and gas-producing properties across Norway. It also develops discovered oil fields on the Norwegian continental shelf by applying affordable, modern, and practical solutions, among others. Okea has partnered with Seacrest Capital Group to develop a portfolio of oil production assets. Its assets production ownership interest comprises of Draugen, Gjoa, Ivar Aasen, and Yme. It operates with additional offices in Kristiansund, Bergen, Stavanger, and Oslo, Norway. Okea is headquartered in Trondheim, Norway.
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