Faroe to take over Operatorship of the Oselvar and Trym fields

Faroe Petroleum

Petroleum Safety Authority Norway (PSA) has given consent to Faroe Petroleum Norge to takeover operatorship of the Oselvar and Trym fields.

The Oselvar field is in blocks 1/2 and 1/3 in the southern North Sea, around 27 kilometres southwest of Ula. The field has been developed using subsea wells, and the wellstream is transported to Ula for processing. Production from the field began in 2012.

The Trym field is in block 3/7 in the far south of the North Sea, three kilometres from the boundary with the Danish Continental Shelf. The field has been developed using subsea wells, and the wellstream is transported to the Harald facility on the Danish shelf for processing. Production began in 2011.

Faroe Petroleum Norge AS (Faroe) has taken over operatorship from Dong E&P Norge AS. Although consent to use the facilities and pipelines has previously been granted, the new operator requires consent to use them. This is because consent for use also covers the relevant parts of the operator’s management system.

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