Aker BP has received plan for development and operation approval for the Tyrving field in the Alvheim area of the North Sea offshore Norway, from the Norwegian Ministry of Petroleum and Energy.

Aker BP partners include Petoro and PGNiG Upstream Norway.

With an estimated operational life of 15 years, the Tyrving field comprises two petroleum deposits, Trell and Trine, as well as the prospect Trell Nord. As per estimates, the Tyrving field holds recoverable resources of around 25 million barrels of oil equivalent.

With an expected development cost in the region of $700m (NKr6bn), the project is due to be commissioned in Q1 2025.

The Tyrving project will leverage the planned extended lifetime for the Alvheim field, resulting in increased production, and reducing unit costs and CO emissions.

The development will involve the tieback of three wells to existing infrastructure and two new subsea installations on the East Kameleon, and further onto the Alvheim floating production storage and offloading (FPSO) unit.

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Norwegian Oil and Energy Minister Terje Aasland said: “It is positive that the rights holders choose to utilise existing infrastructure to develop new resources in a known area on the continental shelf.

“Such a development solution extends the life of important fields on the Norwegian continental shelf at a time when Europe really needs stable supplies of oil and gas.”