Total investments in the development of the Bøyla field amount to approximately NOK 5 billion. Recoverable reserves from the field are estimated at approximately 23 million barrels of oil equivalents, of which Core Energy’s share amounts to 4.6 million barrels of oil equivalents.
The development solution is a subsea installation consisting of two horizontal production wells and one water injection well. The expected maximum production rate is approximately 20 000 barrels of oil equivalents per day when both wells are in production.
Bøyla is the second development project that Core Energy has taken into production and the volumes added from this field will bring our production in excess of 10 000 barrels of oil equivalents per day, says the Chief Executive Officer of Core Energy, Jan Harald Solstad.
The Bøyla field is tied back to the Alvheim FPSO’s existing infrastructure via a 28-kilometre pipeline. The processing capacity of the Alvheim FPSO is approximately 150 000 barrels per day, and the vessel has been subjected to minor modification in order to receive and process volumes from the Bøyla field.
The Bøyla field is located in block 24/9 in the northern part of the North Sea. The license was awarded in the APA 2004 licensing round, and the first discovery was made in 2009 (the Marihøne prospect). The discovery was confirmed by two appraisal wells the same year. The plan for development and operation was submitted to and approved by the Norwegian authorities in 2012. Construction of the subsea structures on the Bøyla field commenced in 2013.
Det Norske Oljeselskap ASA is the operator for the Bøyla field and holds a 65% interest, Core Energy holds 20% interest and Lundin Norway AS holds the remaining 15% interest.