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Home›Business & Finance›Shell Gets Short Life Extension for Draugen
Business & Finance

May 20, 2015 · about 11 years ago

Shell Gets Short Life Extension for Draugen

A/S Norske Shell has received consent from the Petroleum Safety Authority Norway (PSA) to extend the lifetime of the Draugen facility. Draugen is an oil field in the Norwegian Sea, around 150 km north of Kristiansund. A/S Norske Shell (Shell) is the field’s operator. Production on the field began in

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A/S Norske Shell has received consent from the Petroleum Safety Authority Norway (PSA) to extend the lifetime of the Draugen facility.

Draugen is an oil field in the Norwegian Sea, around 150 km north of Kristiansund. A/S Norske Shell (Shell) is the field’s operator. Production on the field began in October 1993.

The field has been developed using a fixed concrete facility with an integrated deck. Deposits in the vicinity are produced by subsea wells tied back to the Draugen facility.

As PSA informs, Shell believes there are grounds for producing from Draugen after the production licence expires in 2023 and wishes to apply to the Ministry of Petroleum and Energy to extend the production licence.

However, the PSA is unable to grant consent for operations beyond the term of the current production licence. Shall has therefore received consent to extend the lifetime of the Draugen facility to 9 March 2023.

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