OKEA and its partners have announced the final investment decision (FID) for the Brasse oil and gas field development in the Norwegian North Sea. 

This decision paves the way for the development of the field, which is estimated to hold 24mboe in recoverable reserves. 

Situated 13km south of Brage field and in shallow water in production licence (PL740), the Brasse field is due to be commissioned in 2027.  

The development plan for Brasse includes a two-well subsea tie-back to the Brage platform, which will handle production, processing and export.  

OKEA projects and technology senior vice-president Knut Gjertsen said: “Brasse is an important addition to our portfolio and represents a significant value creation opportunity for OKEA and our partners. As a tie-back to Brage, both licences will benefit from synergies and economies of scale." 

The Brasse development partnership comprises OKEA as the operator with a 39.2788% stake, DNO Norge also holding 39.2788%, Lime Petroleum at 17% and M Vest Energy with 4.4424%.  

The submission of the plan for development and operation (PDO) is scheduled for April 2024, with the Brasse field to be renamed Bestla upon PDO approval.  

Contracts for the Brasse development's topside and subsea scopes have been awarded to Aker Solutions and a consortium of Subsea7 and OneSubsea, respectively.  

The scope of the contract for Aker Solutions includes engineering, procurement, construction, installation and commissioning on Brage to prepare the platform topside for receiving oil and gas from the Brasse field. 

Further contracts for rig and drilling services are set to be awarded in the second quarter of 2024.