Asset Report
Draugen Area
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Draugen Area comprises the Draugen and Hasselmus fields located in the Norwegian Sea in a water depth of around 250 metres. Draugen was the first field to be developed in Mid Norway. Draugen has been developed using a concrete mono-tower with an integrated deck and five subsea satellite installations on the main field. Hasselmus is being developed as a one-well subsea tie-back to Draugen. First production is expected in early 2024.
Table of contents
- Summary
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Key Issues
- Early cessation for Hasselmus
- Draugen to be powered from shore but faces delay
- Field life extension increases reserve base
- Accelerated capital allowance on near-term investment
- Shell retains decommissioning liability
- Exploration and appraisal opportunities offer upside potential
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Unitisation
- Historical exploration
- Emissions
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Key development metrics
- Draugen
- Platform
- Subsea
- Upgrades
- Field life extension project
- Hasslemus
- Electrification
- Development drilling
- Capital costs
- Draugen
- Hasselmus
- Decommissioning
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Operating costs
- Transportation costs
- Emissions Taxes
- Power costs
- Cash flow
- 6 more item(s)...
Tables and charts
This report includes the following images and tables:
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Draugen Area participationField characteristicsDraugen well data
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Pipeline summaryCapital Costs Pre-2010 to 2018 (NKr million)Capital Costs 2041 to 2047 (NKr million)Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026
- 12 more item(s)...
What's included
This report contains:
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