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Equinor and Aker BP agree way forward for Krafla, Fulla and North of Alvheim licences
Equinor and Aker BP have entered into an agreement on commercial terms for a coordinated development of the Krafla, Fulla and North of Alvheim (NOA) licences on the Norwegian Continental Shelf (NCS).
Equinor is the operator of the Krafla licence and Aker BP is the operator of the NOA and the Fulla licences.
The area consists of many licences and complex reservoirs that contain several oil and gas discoveries with total recoverable resources estimated at more than 500mn boe, with further exploration and appraisal potential identified.
The proposed development concept for the area consists of a processing platform in the south operated by Aker BP and an unmanned processing platform in the north operated by Equinor, with the potential for several satellite platforms and tie-backs to cover the various discoveries.
