Business Fuel & Energy
14:53 3 September 2024
Post by: WBJ

Orlen extracting oil cheaper and ahead of schedule in Norway

Orlen extracting oil cheaper and ahead of schedule in Norway
Source: Pexels

PGNiG Upstream Norway, part of the Orlen group, has begun oil extraction from the Tyrving field in the North Sea, marking its 20th deposit in Norway. The field holds about 25 million barrels of oil, with extraction characterized by very low CO2 emissions of just 0.3 kg per barrel. The field is expected to produce oil for approximately 15 years at a peak rate of 20,000 barrels per day.

The deposit, comprising Trell, Trine, and Trell Nord, is accessed through three wells linked to the FPSO Alvheim unit. This project was completed ahead of schedule and under budget, thanks to effective collaboration with partners Aker BP and Petoro. PGNiG Upstream Norway owns a 11.9% stake in the field, with Aker BP and Petoro holding the remainder.

(wnp.pl)


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