Yme oil field

From Global Energy Monitor
This article is part of the Global Oil and Gas Extraction Tracker, a Global Energy Monitor project.
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Yme Field is an oil and gas field in development in Norway.[1]

Location

The map below shows the exact location of the field in Norway.[2]

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Background

Yme was discovered in 1987, the plan for development and operation (PDO) was approved in 1995 and production started in 1996. Production first peaked in 1997 at 1.98 million standard cubic meters of oil equivalents. In 1998, it produced comparable amounts of oil to 1997, but then steadily decreased through 2001 when, according to the Norwegian Petroleum Directorate production "because operation of the field was no longer regarded as profitable."[3]

A PDO for the redevelopment of YME approved in 2007. The 2007 development concept utilized as mobile offshore production unit (MOPU). By 2013, due to structural deficiencies and the vast amount of outstanding work to complete the MOPU, it was removed from Yme field. In 2018, a new PDO which aimed to reuse the nine wells pre-drilled in 2009-2010 and drill seven additional wells was approved.[3]

In February 2020, Repsol, the field operator, announced production from the redeveloped field would be delayed until the latter half of 2020 as "preparations" were taking "longer than expected."[4] An executive from Repsol's project partner added that they "definitely expect startup in the third quarter [of 2020]."[4]

Due to the COVID-19 pandemic, the expected start of production was pushed back again. As of August 2020, Repsol reportedly aimed for production from the field will begin in third quarter 2021. LOTOS, another project partner, estimated production to begin the last quarter of 2021.[5]

On January 4, 2021, Oil and Gas Journal reported that YME was in the "hook up, commissioning, and startup preparation phase."[6]

Project Details

  • Status: In development[1]
  • Coordinates: 57.8295, 4.5270 (exact)[2]
  • Operator: Repsol Norge AS[7]
  • Owner: Repsol Norge AS (55%); LOTOS Exploration and Production Norge AS (20%); OKEA ASA (15%); KUFPEC Norway AS (10%)[8]
  • Parent: Repsol SA (55%)[9]; Grupa LOTOS (20%)[10]; Bangchak/BCPR PTE. LTD. (7%)[11]; Kuwait Petroleum Corporation (10%)[12]
  • Discovery year: 1987[13]
  • Production start year: 1996[13]
  • Basin:
  • Concession/Block:
  • Project/Complex:

Production and Reserves

Table 1: Production and Reserves - Yme Field

Category Fuel Description Reserve Classification Quantity Units Data Year Source
cumulative production condensate Not applicable 0 million bbl 2020 [14]
cumulative production gas Not applicable 0 million m³ 2020 [14]
cumulative production NGL Not applicable 0 million bbl 2020 [14]
cumulative production oil Not applicable 50 million bbl 2020 [14]
reserves condensate original recoverable reserves 0 million bbl 2020 [15]
reserves condensate remaining reserves 0 million bbl 2020 [15]
reserves gas original recoverable reserves 0 million m³ 2020 [15]
reserves gas remaining reserves 0 million m³ 2020 [15]
reserves NGL original recoverable reserves 0 million bbl 2020 [15]
reserves NGL remaining reserves 0 million bbl 2020 [15]
reserves oil original recoverable reserves 113 million bbl 2020 [15]
reserves oil remaining reserves 63 million bbl 2020 [15]
million bbl = million barrels
million m³ = million cubic meters
NGL = Natural gas liquids

Articles and Resources

References

  1. 1.0 1.1 "www.ogj.com/exploration-development/article/14189735/repsol-advances-yme-development-with-rig-install". Archived from the original on August 31, 2021. Retrieved September 27, 2021.
  2. 2.0 2.1 "www.npd.no/en/about-us/information-services/open-data/map-services/". Archived from the original on August 31, 2021. Retrieved September 27, 2021.
  3. 3.0 3.1 "Field: YME". Norwegianpetroleum.no. Retrieved 2021-02-05.
  4. 4.0 4.1 Staff, Reuters (2020-02-13). "UPDATE 1-Norway's Yme field startup delayed until H2 2020 -Repsol". Reuters. Retrieved 2021-02-05.
  5. "Norway's Yme Field Start-up Could Face More Delays". Offshore Engineer Magazine. 2020-08-14. Retrieved 2021-02-05.
  6. "Repsol advances Yme development with rig install". Oil & Gas Journal. 2021-01-04. Retrieved 2021-02-05.
  7. "Map Services - Field outlines". Norwegian Petroleum Directorate. Archived from the original on March 17, 2021. Retrieved March 8, 2021.
  8. "Factpages: Table – Licensees". Norwegian Petroleum Directorate. Archived from the original on March 17, 2021. Retrieved March 8, 2021.
  9. Legal Entity Identifier (LEI) BSYCX13Y0NOTV14V9N85 Global Legal Entity Identifier Foundation, accessed January 2020
  10. "Who are we". LOTOS Norge. Archived from the original on August 31, 2021. Retrieved September 27, 2021.
  11. "This is OKEA". OKEA. Archived from the original on August 31, 2021. Retrieved September 27, 2021.
  12. "www.kufpec.com/en/publications/news-and-events/2017/KUFPEC-Doubles-its-Interest-in-the-Gina-Krog-Field". www.kufpec.com. Archived from the original on August 31, 2021. Retrieved September 27, 2021.
  13. 13.0 13.1 "www.norskpetroleum.no/en/facts/field/yme/". Archived from the original on August 31, 2021. Retrieved September 27, 2021.
  14. 14.0 14.1 14.2 14.3 "Production - Saleable - Yearly - by field". Norwegian Petroleum Directorate. 2021. Archived from the original on March 7, 2021. Retrieved March 7, 2021.
  15. 15.0 15.1 15.2 15.3 15.4 15.5 15.6 15.7 "Table – Reserves". Norwegian Petroleum Directorate. 2021. Archived from the original on March 7, 2021. Retrieved March 7, 2021.