Asset Report
Tyrving
Report summary
The Trell and Trine development consists of the respective discoveries, located east of the Heimdal field in the Northern North Sea. A plan for development and operation (PDO) was submitted in August 2022. We assume production will start in early Q1 2025. The two fields are being developed as a subsea tie-back to the Alvheim FPSO via the East Kameleon manifold. Oil and gas will be processed and separated at the Alvheim FPSO. Oil will be offloaded and exported via shuttle tankers. Gas will be exported to the UK through the SAGE pipeline.
Table of contents
- Key facts
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Summary and key issues
- Summary
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Key issues
- Tyrving reaches FID in 2022 and qualifies for Norway's temporary tax regime
- Cost increase during FEED phase
- Trell Nord adds resource uncertainty
- Other tie-back opportunities limited for now
- High emissions intensity
- Location maps
- Participation
- Geology
- Well data
- Reserves and resources
- Production
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Development
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Key development metrics
- Subsea
- Modifications
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Key development metrics
- Infrastructure
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Costs
- Operating Costs
- Sales contracts
- Fiscal and regulatory
- Economic assumptions
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Economic analysis
- Cash flow
Tables and charts
This report includes 23 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production Profile
- Capital costs
- Decommissioning costs
- Costs: Table 3
- Trell and Trine 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 Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Trell and Trine Area cash flow (NKr million)
- Economic analysis: Table 5
- Economic analysis: Table 6
What's included
This report contains:
