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Home›Business & Finance›Transocean rig lands Dvalin drilling contract
Business & Finance

November 22, 2017 · about 8 years ago

Transocean rig lands Dvalin drilling contract

One of Transocean’s semi-submersible drilling rigs has been awarded a contract to drill production wells at the Dvalin field in the Norwegian Sea.

2 minutes read
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Transocean’s semi-submersible drilling rig Transocean Arctic has been awarded a contract by DEA Norge to drill production wells at the Dvalin field in the Norwegian Sea.

Drilling of the four production wells will start mid-2019, and the operation is planned to last 340 days, DEA Norge said on Wednesday.

The contract value is $68 million and the agreement opens up for using the rig for additional wells.

“Drilling the production wells will be an important step towards production start of the Dvalin field in autumn 2020. DEA is very satisfied with having Transocean on board for the drilling operations,” says Hans-Hermann Andreae , Managing Director of DEA Norge.

The Dvalin gas field, previously known as Zidane, is the first operated field development project for DEA Deutsche Erdoel AG in Norway. DEA holds 55% interest in the field and its partners Petoro and Edison have 35% and 10% interest, respectively.

The field is located in Production License (PL) 435, approximately 15 kilometers northwest of the Heidrun field and 35 kilometers south of the Skarv field in the Norwegian Sea. The license was awarded in the Awards in Predefined Areas (APA) 2006.

The Norwegian authorities approved the Plan for Development and Operation (PDO) in March 2017. The Dvalin licensees plan to produce a total volume of approximately 18.2 billion cubic meters of natural gas from two reservoirs. First production is planned for 2020.

Dvalin will be developed with a four wells subsea template, which is connected to the Heidrun platform. At Heidrun, the gas will be partly processed in a new module, before the gas is transported in a new export pipeline to Polarled, going to the Nyhamna onshore gas terminal. At Nyhamna, the gas will be processed and transported to the European market.

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