Aker BP and Equinor will jointly develop Krafla, Fulla and North of Alvheim (NOAKA) on the Norwegian shelf. The companies have started preparations to submit plans for development and operation (PDOs) in 2022.
The NOAKA area is located between Oseberg and Alvheim in the North Sea and holds a number of oil and gas discoveries. The total recoverable resources are estimated at more than 500 million barrels of oil equivalents, and additional exploration potential has been identified. NOAKA is one of the largest remaining field development opportunities on the Norwegian continental shelf.
The partners are Aker BP ASA, Equinor ASA and Lotos Exploration and Production Norge AS. There are two operators in the project.
The development concept for NOAKA represents a large degree of remote operation and automation. The plans consist of a low-manned processing platform in the southern area operated by Aker BP, an unmanned processing platform in the north operated by Equinor, in addition to tie-backs from several unmanned wellhead platforms and a large number of subsea wells.
The partners plan to drill approximately 45 wells in order to reach the maximum potential of the resources in the area.
Power from shore and digital solutions
The field will have low emissions through power from shore. The partners will make extensive use of digital solutions in both the development and operational phases.
The development will be of great importance for the Norwegian supply industry and for the employment level in Norway, with total investments expected toexceed NOK 50 billion.