[Norway] Munin (fka Krafla)

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escveritas
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[Norway] Development of the NOAKA area

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Development of the NOAKA area
11. June 2020

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Following the recently announced changes to the Norwegian petroleum tax system, Aker BP and Equinor have entered into an agreement in principle on commercial terms for a coordinated development of the licenses Krafla, Fulla and North of Alvheim (NOAKA) on the Norwegian Continental Shelf and have started preparations for submitting Plans for Development and Operation (PDO) in 2022.

The development of the area will have significant effects on the Norwegian supply industry. Total investments are expected to be more than NOK 50 billion.

Employment

The employment effect is estimated to 50,000 FTEs in the development phase, including ripple effects. In the preparation phase before the Plans for Development and Operation are submitted in 2022, the employment effect is estimated to approximately 2,000 FTEs. The preparations will start immediately, and contracts for concept studies are expected to be awarded shortly.

Karl Johnny Hersvik, CEO of Aker BP comments:

“The recently announced tax changes give strong incentives to develop the NOAKA area and through this agreement we can mature all the resources in the area towards an investment decision. This will potentially unlock more than 300 mmboe of oil and gas resources for Aker BP, and hence significantly contribute to our growth. This is important to us, and perhaps even more important for the supply industry and the Norwegian society.”

Field development

The NOAKA area is located between Oseberg and Alvheim in the Norwegian North Sea. The area holds several oil and gas discoveries with gross recoverable resources estimated at more than 500 million barrels of oil equivalents, with further exploration and appraisal potential.

This makes NOAKA one of the largest remaining field development opportunities on the Norwegian Continental Shelf. The partners in the licences are Aker BP ASA, Equinor ASA and LOTOS Exploration and Production Norge AS.

The plans for the area consists of a processing platform in the South operated by Aker BP, an unmanned processing platform in the North operated by Equinor and several satellite platforms and tiebacks to cover the various discoveries.

Synergies

The purpose of the commercial terms is to secure an optimal and fair allocation of cost and production between the discoveries and to align incentives and hence ensure good integration and synergies across facilities and licenses.

The concept will be further optimised prior to submitting the PDO, and the partnership has an ambition to further reduce cost with an integrated contract strategy.

Powered from shore

The partners share the ambition to develop NOAKA with a minimal carbon footprint. State-of-the-art technological solutions will be used to ensure high efficiency and low emissions.

The field will be powered from shore and an extensive use of digital solutions is expected both in the development and operations phase.

The company will also evaluate the opportunity of combining this with offshore wind, which could potentially enable power to be exported back to shore in the future.
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[Norway] Krafla

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Equinor and Aker BP agree on way forward for Krafla, Fulla and North of Alvheim



The parties have entered into an agreement on commercial terms for a coordinated development of the licenses Krafla, Fulla and North of Alvheim (NOA) on the Norwegian Continental Shelf.
Equinor is the operator of the Krafla license and Aker BP is the operator of the NOA and the Fulla licenses.

The area consists of many licenses and complex reservoirs that contains several oil and gas discoveries with total recoverable resources estimated at more than 500 million barrels of oil equivalents, with further exploration and appraisal potential identified.

The contemplated development concept for the area consists of a processing platform in south operated by Aker BP and an unmanned processing platform in north operated by Equinor with possibilities to several satellite platforms and tiebacks to cover the various discoveries.

Developing these resources will have significant effect on the supplier industry when it comes to engineering, development and the operational phase.

The area is located between Oseberg and Alvheim in the North Sea.

The partners in the licences are Equinor ASA, Aker BP AS and LOTOS Exploration and Production Norge AS.
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[Norway] Munin (fka Krafla)

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Krafla to be developed using ground-breaking concept

16 DECEMBER 2022

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Krafla, Fulla and Nord of Alvheim (NOA) together constitute the area called NOAKA

Along with Aker BP, Equinor has made an investment decision and will today submit a plan for development and operation for Krafla to the Minister of Petroleum and Energy.

Aker BP will be developing Krafla along with the Fulla and North of Alvheim discoveries in the same area.

Krafla was proven in 2011 and recoverable resources are estimated at 325 million barrels of oil equivalent. Total investments for Krafla are approx. NOK 46 billion (2022-NOK).

"Krafla is yet another example of how we are redefining what can be achieved on the Norwegian continental shelf. Krafla will be developed utilising extensive technological innovation and high levels of digitalisation, automation and remote operation, thus setting a new standard for future offshore developments. With an entirely new operating model, the technologically innovative design will improve safety, cut operating costs and result in close to zero CO2 emissions from production," says Trond Bokn, Equinor's senior vice president for project development.

The unmanned Krafla platform is the first of its kind. It will be remotely operated from shore and will be built without a helicopter deck, living quarters and lifeboats. Access and stays at the platform will be accomplished using service operation vessels. Systems and functions have been reduced to the bare necessities in order to realise the unmanned concept. The solutions are simple, robust and can be run without manual operations.

Future-oriented solutions have been chosen to facilitate a large extent of data-driven decisions based on continuous monitoring of processes and equipment. For example, maintenance planning will be optimised using digital twins. The plan is to carry out maintenance in annual campaigns.

With power from shore, Krafla will be a world leader in low CO2 emissions from production, calculated at 0.4 kg per barrel of oil equivalent.

Aker BP taking over as operator

Together, Krafla, Fulla and North of Alvheim (NOA) make up the area called NOAKA.

In June, Equinor and Aker BP entered into an agreement to transfer operatorship for the development phase and further operation of Krafla to Aker BP in connection with the PDO submission. At the same time, the partnerships are proposing a name change for NOA and Krafla to Hugin and Munin, respectively, and that the entire NOAKA area be called Yggdrasil.

"A coordinated development of the entire area will provide the best preconditions for efficient project implementation and for safe and efficient field operations. We're looking forward to continuing the good cooperation with Aker BP in the development and operations phase," Bokn says.

Total investments for NOAKA are calculated at NOK 115 billion (2022-NOK). Overall resource estimate in the area, forming the basis for the investment decision, is 103 million standard cubic metres of oil equivalent, which corresponds to around 650 million barrels of oil equivalent.

There is considerable potential for more exploration activity in the area, which could further increase both the scope of resources and profitability. Discoveries near existing infrastructure can quickly be brought to market with low costs and low emissions from production.
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Re: [Norway] Munin (fka Krafla)

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Aibel to construct platform concept of the future

16 Dec 2022

Aibel has been awarded a contract by Aker BP for constructing the Munin platform (formerly Krafla) in the Yggdrasil area. The contract has a value of around NOK 7 billion.

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Ilustration of the Munin unmanned process platform for Aker BP. (Illustration: Aibel)

The contract is an EPChc contract where Aibel is responsible for engineering, procurement and construction connected with delivering an unmanned process platform, also known as an UPP.

The project will be based on Aibel's FEED (Front-End Engineering and Design) for Krafla UPP, now Munin, which was awarded in 2021. Key priorities for the project have been safety in design, minimal maintenance requirements and simplification of systems and functions on the platform using high-reliability equipment, automation, and digitalisation, applying a so-called "design to operate" philosophy.

Munin will not have a helicopter deck nor living quarters, and it will be the first process platform on the Norwegian continental shelf designed from start for ordinary operation without a crew.

Hence, the platform will have a relatively lean design, be operated from shore, and be available for maintenance with SOV (Service Operations Vessel). Munin will act as a production platform where the gas goes directly for export, while oil and water are directed into a shared pipe to the Hugin A platform (formerly NOA PdQ). Here, oil and water are separated, and the oil is exported by pipes to the Sture onshore terminal.

Project management, procurement and engineering services will mainly be carried out at Aibel's Oslo office, with peak staffing of around 300 people. Construction will take place at Aibel's yards in Haugesund and Thailand.

"We are proud and honoured to enter into a partnership with AkerBP," says Aibel's President and CEO, Mads Andersen. "With this contract award, we are once again consolidating our position as a leading supplier within critical infrastructure for the oil and gas industry. We really look forward to delivering on the UPP concept, which we have developed together with Equinor, and being among the pioneers of future platform solutions," says Andersen.

The contract will be formalised with the signing at a ceremony at Aker BP on Friday morning. The development of the Yggdrasil area is subject to approval by the Norwegian Parliament.
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