Boyla nod for Marathon

Tie-back: Alvheim FPSO

MARATHON PETROLEUM

Steve Marshall

 26 October 2012 11:42 GMT

Marathon Oil gained government approval on Friday for the Nkr4.9 billion ($845 million) development of its marginal Boyla oilfield off Norway.

The US independent plans to develop the North Sea oil and gas field as a subsea tie-back to its operated Alvheim field, with recoverable reserves at Boyla estimated by Marathon at 23 million barrels of oil equivalent.

The Alvheim floating production, storage and offloading vessel will require minimal modifications to receive output from Boyla, which is due to come on stream in the fourth quarter of 2014 with expected peak production of 19,000 barrels of oil equivalent per day.

Marathon is operator of the field in production licence 340 with a 65% stake, with…

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