The resources in Gina Krog extend into PL 029B, where Aker BP is a partner with a 20 percent share. The company has entered into an agreement that provides Aker BP with a 3.3 percent ownership share in the unitised field.
Gross recoverable reserves from Gina Krog are estiamted at 225 million boe, adding approximately 7.5 million boe net to Aker BP. Total investments are estimated at NOK 31 billion.
First oil from Gina Krog is scheduled for the second quarter 2017 and the field is expected to be in production until 2037.
Gina Krog will be developed with a steel jacket platform and tied back to the Sleipner platform for gas export. The oil will be shipped by boat.
Statoil is the operator of Gina Krog.
Read more about our business in Aker BP’s Annual report 2016