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Coronavirus: OKEA’s Yme project on schedule for first oil in H2 2020

March 23, 2020 (Last Updated March 23rd, 2020 16:38)

Norwegian oil production firm OKEA has confirmed its Yme redevelopment project is scheduled to deliver first oil in the latter half of 2020.

Coronavirus: OKEA’s Yme project on schedule for first oil in H2 2020
OKEA will continue with production on its Yme project. Photo: Sven Mandel via Wikimedia.

Norwegian oil production firm OKEA has confirmed its Yme redevelopment project is scheduled to deliver first oil in the latter half of 2020. The project is located in the Egersund Basin, 100km off the coast in the Norwegian area of the North Sea.

OKEA is working with operator Repsol and the other joint venture partners to reduce the impact on the project caused by travel and other restrictions due to coronavirus pandemic.

However, OKEA will postpone all sanctioning decisions on Yme where partners agree. This may mean drilling or seismic programmes, where possible.

Its containment measures will result in around a 90% decrease of the company’s planned 2020 exploration expenditure.

In a statement, OKEA said: “The company has put in place a series of measures designed to protect our employees and to ensure full continuity on OKEA operated projects, particularly at the Draugen Field.

“Our staff are now predominantly working from home and minimising social contact, and we have also stopped all business travel. On Draugen, we have introduced a policy that increases time spent offshore and reduced offshore manning levels from 70 to 37.

“We closely monitor the health of offshore staff and are taking measures to ensure that anyone who has been (or may have been) in contact with someone infected with the virus does not travel offshore.”

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.

Meanwhile, coronavirus cases are rising sharply in Norway, reaching 2,547 in the country. Until now, the country has reported 10 deaths.

Coronavirus global impact

Meanwhile, the number of Covid-19 recoveries has passed 100,000. The global death toll stands at more than 15,298. Authorities have confirmed more than 349,187 cases.

Italy has rapidly become the most affected country in Europe, now considered as the epicentre of Covid-19 outbreak. The death toll in the country has increased to 5,476, exceeding the total fatalities reported in China until now.

Singapore’s health ministry confirmed the first two deaths, while the country reported at least 385 confirmed cases.

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