The Norwegian Government approved the Plan for Development and Operation (PDO) for the Yme Field 11 May 2007. Talisman Energy Norge AS is the operator. Yme is located in the Production License 316, and the partners are Talisman Norge AS (70%), Revus Energy ASA (20%), and Pertra ASA (10%).
Yme is an oil field in the southeastern part of the North Sea, 110 km south west of Egersund. The field has been in production, but was closed down in 2001.
Yme is the first field on the Norwegian Continental Shelf that will be redeveloped. The field illustrates that new players on the Norwegian Continental Shelf see opportunities in fields that are not considered as very interesting for the large and established players.
The Yme field will be developed with a jack-up production unit with a storage tank on the seabed of the prospect Yme Gamma, and with a subsea installation on the Yme Beta, 12 km from the unit. The sea level in the area is between 77 and 93 meters.
The investments are estimated at NOK 4.4 billion. The operator has calculated the recoverable volume to 8.9 mill. Sm3 oil. The production from Yme is planned to commence in January 2009. The lifetime of the project is expected to exceed 10 years from start-up.
The press release of 9 January 2007 includes further information.