Repsol Norge achieves first oil from Yme field restart

Repsol Norge has achieved first oil from the Yme field restart after it was shut down in 2001 in response to low oil prices.

Yme includes production licence (PL) 316 and PL 316 B in the south-eastern part of the Norwegian North Sea in Block 9/2 and 9/5 in Egersund basin, 130 km from the Norwegian coastline.

Expected recoverable reserves in Yme are estimated to about 10 million std cu m oil (63 million bbl). At plateau, the field will produce around 56,000 boe/d.

Earlier this year, the Yme licence entered into an agreement to acquire the Mærsk Inspirer jack-up through a bareboat charter agreement with Havila Sirius AS and take over the day-to-day operations of the rig from Maersk Drilling. The handover process has begun, and it is expected to close in the fourth quarter.

Repsol is operator (55%) with partners Lotos Exploration and Production Norge AS (20%), OKEA ASA (15%), and Kufpec Norway AS (10%).

Source: Oil & Gas Journal