Legend Licences in which LPA has stakes Oil producing fields with infrastructure in place Source: Norwegian Offshore Directorate website, Yme Field ABOUT THE YME FIELD 316B 316 Gamma Structure YME FIELD Beta Structure Development Yme is a field in the southeastern part of the Norwegian sector of the North Sea, 130 kilometres northeast of the Ula field. The water depth is 100 metres. The field comprises two separate main structures, Gamma and Beta, which are 12 kilometres apart. Yme was discovered in 1987, and the plan for development and operation (PDO) was approved in 1995. Production started in 1996 but ceased in 2001 because operation of the field was no longer regarded as profitable. Yme was the first field on the Norwegian continental shelf to be considered for redevelopment after being shut down. A PDO for the redevelopment of Yme was approved in 2007. The development concept was a new Mobile Offshore Production Unit (MOPU). In 2018, an amended PDO for the redevelopment of Yme was approved. The PDO includes a jack-up rig equipped with drilling and production facilities installed on the Gamma structure and a subsea template on the Beta structure, as well as reuse of existing facilities on the field. The production started again in 2021. Reservoir The reservoir contains oil in two separate main structures, Gamma and Beta. The structures comprise six deposits. The reservoirs are in sandstone of Middle Jurassic age in the Sandnes Formation, at a depth of 3,150 metres. They are heterogeneous and have variable reservoir properties. Status Yme has had stable production since start-up in 2021 but has now entered the late phase. The focus going forward is to mitigate production decline through planned well interventions and reprocessing of seismic data to identify new infill targets. LPA increased its interest in Yme in November 2024 from 10 per cent to 25 per cent, after having acquired OKEA’s stake in the field. Rex International Holding Limited 33
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