OKEA concludes installation of Mærsk Inspirer jack-up rig at Yme field

5 January 2021 (Last Updated January 5th, 2021 10:08)

Norwegian oil and gas E&P company OKEA has announced that Maersk Drilling's Maersk Inspirer jack-up rig has been towed to the Repsol-operated Yme oil field.

OKEA concludes installation of Mærsk Inspirer jack-up rig at Yme field
Mærsk Inspirer on location at the Yme field Credit: Repsol/Bitmap.

Norwegian oil and gas E&P company OKEA has announced that Maersk Drilling’s Maersk Inspirer jack-up rig has been towed to the Repsol-operated Yme oil field.

OKEA noted that onshore work on the production unit for the Yme field has been completed and the rig has been safely installed at the field.

The Yme oil field is located in Block 9/2 and 9/5 in the Egersund Basin, 100km off the coast in the Norwegian part of the North Sea.

The Mærsk Inspirer departed the Aker Egersund yard and reached the Yme field targeted position on 31 December.

According to OKEA, the jack-up process has been completed and the Yme project is now moving towards the hook-up and commissioning phase.

OKEA CEO Erik Haugane said: “This event represents a major milestone for the Yme New Development project and provides comfort to the targeted production start.

“Together, with other ongoing projects, production from Yme will secure OKEA’s production growth in the years to come.”

The Yme offshore oil field is operated by Repsol, which holds a 55% working interest in it. The other development partners are LOTOS Exploration and Production Norge (20%), OKEA (15%), and KUFPEC Norway (10%).

Discovered in 1987, the offshore field was originally brought on stream in 1996. The production was, however, abandoned due to low oil prices in 2001.

In April 2018, Repsol awarded a contract to energy services firm Proserv for upgrading and building new subsea production control equipment for the Yme field redevelopment.