The Norwegian Government has approved the plans for the development of the Oselvar Field, which could result in a sharp rise in the number of drilling jobs, oil rig jobs and oil careers connected to the huge project. The Oselvar Field and further development of the enormous Troll Field in the North Sea could mean job security for hundreds of oil jobs for many years to come, with an estimated 11,000 man years needed to complete the projects.
According to the Department of Oil and Energy, the investments on these two fields will amount to a total of NOK10.3billion. Aker Solutions has been awarded an EPC contract by DONG E&P Norge to act as operator for the Oselvar Field and to deliver a subsea production system to the North Sea field development. The contract is valued at approximately NOK350million. The work is to include engineering, procurement and construction (EPC) of a four-slot template with manifold, three subsea trees, control systems, subsea wellheads and 28 kilometers of steel tube umbilicals. The sheer scale of the contract will lead to the creation of oil jobs in both downstream and upstream sectors.
The Oselvar field is expected to start producing in 2011, and reserves of the development are estimated to be around 52 million barrels. The field is located in the south west area of the North Sea at approximately 70 meters water depth. The subsea production system will be tied back to the BP-operated Ula platform, 23 kilometres from Oselvar. A similar EPC contract for the Trym field was signed between Aker Solutions and DONG E&P Norge earlier this year and the Oselvar job is a contract option to the Trym agreement. The contract is subject to Norwegian government approval of the plan for development and operation, but currently optimism is high that this approval will be granted and the exploration of one of the North Sea's biggest oil and gas reserves can begin.
Aker Solutions are delighted to be chosen as DONG E&P Norge's partners and are planning on using their extensive knowledge of the North Sea and production methods best suited to that particularly demanding environment to ensure that the project is delivered on time and is successful in maximizing production from the field. The creation of a number of jobs throughout the industry - from design and development through to drilling and other rig-based jobs will ensure that the industry has a plentiful supply of jobs for a whole range of workers for many years to come.
The use of subsea production equipment is designed to operate without any hindrance to the extensive trawler fishing grounds in the area, ensuring that the fishing industry faces minimum impact from the development of the field. The project is to be managed from Aker Solution's headquarters in Oslo and the subsea equipment will be manufactured at their Norwegian facilities at Tranby, Moss and Egersund. This will also ensure that Norway's heavy engineering and manufacturing industries benefit from the development of the Oselvar field and guarantee jobs within these industries as well as within the oil and gas industry. The go ahead for the Oselvar field is a boon for oil jobs and will ensure that the North Sea continues to produce high quality oil and gas for many years to come.