Spanish oil firm Repsol has been granted consent by the Norwegian offshore security authority for the life extension of the Rev area, which is positioned offshore Norway.
The Petroleum Safety Authority (PSA) introduced its consent for the life extension of the Rev area within the North Sea on Friday, 26 June 2020.
The Rev area is a part of manufacturing licence 038 C the place Repsol is the operator with a 70 per cent curiosity.
Petoro is Repsol’s associate within the licence with the remaining 30 per cent curiosity.
This manufacturing licence was beforehand legitimate till 1 April 2021 beneath the consent granted again in August 2019.
Repsol’s consent to make use of the services on the Rev area has now been prolonged till 31 December 2023.
The Rev area is positioned in, Block 15/12, roughly 221 km from the Aberdeenshire coast in Scotland and 225 km southwest of Stavanger in Norway. The area is positioned roughly three km from the UK Norway median line in water depths of 90 – 110 m.
Rev was confirmed in 2001 and the plan for growth and operation was permitted in 2007. Production began in 2009.
The area has been developed utilizing a subsea template with three gasoline manufacturing wells tied to the Chrysaor-operated Armada area on the UK continental shelf after which additional to the Teeside terminal for last processing. The condensate is bought as stabilised crude oil.
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