Skarv Satellite Project

Aker BP (operator) and partners have made investment decisions for three separate developments in the Skarv area. The plans for development and operations were submitted to the Minister of Petroleum and Energy at 16 December 2022. 

The development projects, coordinated by the Skarv Satellite Project (SSP), consist of the gas and condensate discoveries Alve Nord, Idun Nord and Ørn. Each of the developments comprises of a 4-slot template and two wells, subsea tied back to the Skarv FPSO, located in the northern part of the Norwegian Sea.  

The development of the three discoveries is coordinated by one project team, to reduce costs through common infrastructure and pull synergies across the deliveries. The Skarv Satellites Project enables future growth by strengthening current infrastructure, increases the flexibility and prolongs estimated production period for Skarv FPSO. 

The total resources to be unlocked by the project is estimated to approximately 120 million barrels of oil equivalents (mmboe), predominantly gas.  

The total investment cost is estimated at approximately NOK 16,6 billion gross and first gas is planned in the third quarter of 2027.  

Production from SSP will have low incremental CO2 contribution of 4.5 kg Co2/boe and will account for approximately 60% of Aker BP’s net production from the Skarv area for several years.  

The project will use Aker BP’s alliance model in the execute stage. The estimated total Norwegian content for the investment is approximately 60%. In addition, the project aims to use local suppliers as much as possible, to increase regional effects.