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Tuesday, December 7, 2021

The Lotos Group commenced production of crude oil from the Yme field on the Norwegian Continental Shelf

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Oil production from the Yme field has started on the Norwegian Continental Shelf, the Lotos Group reported. The Norwegian company Lotos Norge holds one fifth of the operating shares in Yme. Consequently, the company has a resource potential of 12.5 million barrels.

The lotus extracts oil on the Norwegian shelf

The total resource potential of the Yme field is approx. 63 million barrels of oil, and in the next 5 years, the average production should reach 5,000 barrels. barrels a day.

– Effective management of resources in various locations is another element of diversification and increasing Poland’s energy security – said the Vice-President of Lotos for Investments and Innovation, Jarosław Wróbel. – I believe that this investment will be beneficial not only for our concern, but also for the entire Polish economy – he added.

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Deposits in the North Sea

The Yme field was discovered in 1987. It is located in the North Sea, approx. 130 km from the coast of Norway. The field operator is Repsol Norge. The deposit development project is a brownfield investment, which includes both the reuse of the existing infrastructure and the design and construction of new facilities.

The Yme project is implemented on the basis of a new field development plan, which was approved in March 2018. At the end of 2020, the Maersk Inspirer platform was successfully set up on the field, towed from the Egrsund shipyard, where it was rebuilt. Over the course of 2021, the offshore commissioning phase was carried out, with connection and commissioning of production systems. In August 2021, the operator received the regulator’s approval to launch production from the Yme field using the Maersk Inspirer platform.

Lotos Norge mining

As Lotos also recalled, Lotos Norge has so far extracted natural gas and condensate from deposits in the Heimdal and Sleipner areas, where Lotos had an average of approx. 13,000 jobs. barrels of oil equivalent per day.

Main photo source: Shutterstock



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