Aker BP has started production from the KEG project within production licence (PL) 203 in the Alvheim area of the central North Sea, Norway.
Aker BP operates the project and is partnered with ConocoPhillips Skandinavia.
Aker BP CEO Karl Johnny Hersvik said: “The KEG project execution is a fantastic example of what we can achieve with the alliance model, working as one team with our suppliers towards a common goal and with shared incentives.
“The successful start-up of production from KEG also represents a new chapter in Alvheim’s proud history of being among the most cost-efficient oil and gas producers on the Norwegian shelf with a resource base that has multiplied since start-up.”
As per the estimates, KEG holds recoverable reserves of around 40mboe.
The KEG development included the subsea tie-back of the Kobra East and Gekko fields to the Alvheim floating production and storage vessel (FPSO) in the Alvheim field in the Norwegian part of the central North Sea, near the UK border.
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Alvheim director Ine Dolve said: “The KEG project adds important volumes to the existing production capacity at Alvheim FPSO and will enable extended lifetime up to 2040. The ongoing Tyrving project, which is estimated to come on stream in 2025, will add further production to the FPSO.
“The partnership also sees great opportunities for adding further discoveries to the existing infrastructure in the area.”
The KEG development featured drilling of around 42km from a total of four multi-branch wells in the reservoir.