Aker BP reaches first oil at Tyrving

**Aker BP Achieves First Oil at Tyrving: A Milestone in Sustainable Production**

On September 3, 2024, Aker BP marked a significant milestone with the initiation of oil production at the Tyrving field located in the Alvheim area, offshore Norway. This development is a strategic move that leverages the planned extended lifetime for the Alvheim field, aiming to increase production while significantly reducing both unit costs and carbon dioxide (CO₂) emissions per barrel.

**Project Overview**

The Tyrving development involves a comprehensive three-well drilling campaign and the installation of two new subsea manifolds. These installations are expertly tied back to the existing infrastructure at East Kameleon and further connect to the Alvheim floating production, storage, and offloading unit (FPSO). This sophisticated integration ensures efficient oil offloading to shuttle tankers, enhancing operational efficiency.

**Environmental Impact**

A key aspect of the Tyrving project is its commitment to environmental responsibility. With estimated CO₂ emissions of just 0.3 kilograms per barrel, this development operates with exceptionally low environmental impact. By constructing the project on existing infrastructure, Aker BP has minimized the need for new construction, thereby reducing operational emissions.

**Operational Details**

Aker BP is the leading operator at Tyrving, boasting a significant stake of 61.3%. Petoro AS holds 26.84% and PGNiG Upstream Norway AS owns the remaining 11.9%. The recoverable resources at Tyrving are estimated to be approximately 25 million barrels of oil equivalent (MMboe). This substantial resource base positions Tyrving as a vital component of Aker BP’s long-term production strategy.

**Strategic Alignment**

The Tyrving development aligns seamlessly with Aker BP’s overarching strategy to enhance local production capacity and reduce environmental impact. By leveraging existing infrastructure, the company has optimized both economic and environmental performance. This approach not only supports future growth but also underscores Aker BP’s commitment to

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