Asset Report
Alve Area
Report summary
The Alve Area includes the Alve and Andvare (previously called Gjøk) fields located on the Halten Terrace, 16 kilometres southwest of the Norne field in the Norwegian Sea. Alve was brought onstream in 2009 and was developed via a four-slot subsea template tied back to the Norne floating production, storage and offloading (FPSO) vessel. Three development wells have been drilled on the field. Andvare reached its final investment decision (FID) in December 2022 and will be developed ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Andvare development reaches FID benefitting from Norway's temporary tax terms
- Potential for future infill drilling on Alve
- Potential reserve upside via the Black Vulture and 6507/3-5 S discoveries
- Changes to the Norwegian petroleum tax system support upstream investment
- Licence extension awarded to 2036
- Location maps
-
Participation
- Unitisation
- Geology
- Well data
-
Exploration
- Historical exploration
- Recent exploration
-
Reserves and resources
- In place volumes and recovery rates
- Production
-
Development
- Alve
- Andvare
-
Infrastructure
- Liquids
- Gas
-
Costs
- Operating costs
- Sales contracts
- Fiscal and regulatory
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Carbon price
- Exchange rate
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 28 images and tables including:
- Key facts: Table 1
- Index map
- Alve map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Production: Table 1
- Production: Table 2
- Production profile
- Infrastructure: Table 1
- Capital costs - Alve
- Capital Costs - Andvare
- Decommissioning costs - Alve
- Decommissioning costs - Andvare
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Operating costs - Alve
- Operating costs - Andvare
- Alve cash flow (US$ million)
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining PV Price Sensitivities
- Alve cash flow (NKr million)
- Economic analysis: Table 5
- Economic analysis: Table 6
What's included
This report contains:
Other reports you may be interested in
Asset Report
Kazgermunai Area
The Kazgermunai (KGM) JV operates several oil fields in the South Turgai basin, with most production from the Akshabulak deposits. KGM ...
$4,400
Asset Report
Pallas Green zinc mine project
A detailed analysis of the Pallas Green zinc mine project.
$2,250
Asset Report
Damis (Block S1)
The Damis contract area is located adjacent to the Jannah contract area, in the Sab'atyun Basin, central Yemen.
$3,100
