Aker BP restores production from Alvheim oil, gas field after unplanned downtime

December 18, 2023

(WO) – During Q4 203, Aker BP experienced unplanned downtime at the Alvheim field due to technical issues. The company reports that the issues have been resolved, and production is now restored.

Alvheim FPSO (Source: Aker BP)

The downtime resulted from a malfunction in new equipment installed during maintenance activities in the previous quarter, causing a deferral of approximately one month in production from the Alvheim area.

During the restart of operations after the shutdown, approximately 50 m3 of oil leaked to the sea. The authorities were notified, proper oil spill response measures were successfully implemented, and no environmental harm has been reported because of this incident.

In its third quarter 2023 report, Aker BP provided an updated production guidance of 455,000 -465,000 boed for the full year 2023 (original guidance from February 2023 was 430,000-460,000 boed). Considering the Alvheim deferral, the latest production forecast for 2023 remains within the updated guidance range, albeit at the lower end.

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