Oselvar oil field


Oselvar is an offshore oil field located southwest of Stavanger in the southern Norwegian section of North Sea, close to the British border. Oselvar was discovered in 1991. The field is also at distance from Ula field to which it is tied up to via subsea pipeline. Estimated reserves at Oselvar stand at 38 million barrels of oil and of natural gas. The water depth at location is.

Ownership

Dong Energy is the operator of the field with 40% of interest in the project. Production License 274 which covers the area of the field was given to the company in 2002. Other partners are Bayerngas Produksjon Norge, Wintershall Norge ASA, Norwegian Energy Company ASA . The total development cost is NOK 4.7 billion In March 2009, Dong Energy expressed its willingness to buy Wintershall's full share of 15%.

Production

Oselvar has been developed with three production wells. Produced oil and gas is transported to the Ula field platform for processing via the Oselvar module. Once processed, the oil will be pumped via Norpipe system to Teesside, UK. Although production was scheduled to start in November 2011, production started on April 14, 2012.