Jan. 2013 - BP announced the start of production systems at the Skarv field on December 31, 2012. Over its life, Skarv is expected to produce over 100 million barrels of oil and condensate and over 1.5 trillion cubic feet of rich gas. Water depth at the location is almost 1,500 feet. Development facilities include a new harsh environment FPSO, five subsea templates and a 50 mile export pipeline. Production rates will gradually increase over the year to an expected maximum daily rate of 165,000 boed.

May. 2012 - BP has received consent to use the Polar Pioneer (mid-water semisub) drilling facility to drill exploration well 6507/3-9 in the Norwegian sector of the North Sea. Well 6507/3-9 is part of Production License 212 E and the well lies in a water depth of 1,194 feet (364 meters). The objective of the well is to investigate a prospect named Snadd Outer. Drilling will commence soon.

Dec. 2011 - PGNiG, a partner in the Skarv development, says that production from the field will defer from the first quarter 2012 to the second quarter 2012. The consortium has rescheduled the installation work, and says that this will significantly reduce the need of the planned stoppages in production in 2012. Natural gas production for 2012 was revised and forecasted at .211Bcm, instead of the previously reported .240 Bcm. Production of crude oil (including Natural Gas Liquids) in 2012 is estimated at 180 thousand tonnes, instead of the previously reported 250 thousand tones. Located in the northern part of the Norwegian Sea, the Skarv/Idun unit consists of two separate fields, situated in water depths of 1,148 to 1,476 feet (350 to 450 meters). The unitized equity of the project, which BP serves as the operator, is BP (24 percent), Statoil (36 percent), E.On Ruhrgas Norge AS (28 percent), and PGNiG Norway AS (12 percent).

Feb. 2011 - The Petroleum Safety Authority has granted BP Norge AS consent to use the Polar Pioneer semisub on the Skarv field in the Norwegian sector of the North Sea. The consent relates to drilling of production wells on the Skarv field in the period April 2011 to May 2013. Previously, BP received consent to use the Borgland Dolphin to drill a total of 17 production wells on the Skarv field. Polar Pioneer will take over the work at Skarv following Borgland Dolphin. Skarv will be developed with an FPSO with subsea templates on the seabed. The field should start producing in 2011. Located in the northern part of the Norwegian Sea, the Skarv/Idun unit consists of two separate fields, situated in water depths of 1,148 to 1,476 feet (350 to 450 meters). The unitized equity of the project, which BP serves as the operator, is BP (24%), Statoil (36%), E.On Ruhrgas Norge AS (28%), and PGNiG Norway AS (12%).

Jun. 2010 - Gas deposits were discovered in the Snadd North prospect in exploration well 6507/5-6ST2, near the Skarv gas and oil field. Drilled by the Borgland Dolphin semisub, the well confirmed the existence of sandstones saturated with high methane natural gas in the early Cretaceous Lysing formation. It is estimated the recoverable reserves of Snadd North are 57 to 100 Mboe. The well was drilled to a total depth of 9,436 feet (2,876 meters), and ended in the early Cretaceous Lange formation. The find, located in PL 212, will be developed in 2011 from the new Skarv platform, which will increase Skarv's future production rates. The Skarv oil and gas field is located in the Norwegian North Sea, roughly 77 miles (200 kilometers) west of Sandnessjoen, Alstahaug, Norway. BP operates the license, owning a 30% interest.

Jun. 2010 - BP Norge awarded a three-year Tubular Running Serices Contract to Odfjell Well Services for the Valhall and Skarv fields. Work commenced on June 1, 2010, and for the next five years, BP Norge will drill development wells on both fields. Both fields are located in the Norwegian sector of the North Sea.

Jun. 2010 - BP Norge AS was granted expanded consent for the use of the Borgland Dolphin semisub on the Skarv field. Originally, the consent, granted in November 2009, included the drilling of 11 production wells and an exploration well in the period from mid-December 2009 to late April 2011. On the basis of the application from BP in April 2010, the consent was expanded to include the drilling of two production wells on Skarv Idun, as well as the option of drilling four production wells on Tilje. Production from the field is expected to commence in 2011. Located in the northern part of the Norwegian Sea, the Skarv/Idun unit consists of two separate fields, situated in water depths of 1,148 to 1,476 feet (350 to 450 meters). The unitized equity of the project, which BP serves as the operator, is BP (24%), Statoil (36%), E.On Ruhrgas Norge AS (28%), and PGNiG Norway AS (12%).

Jan. 2010 - Skarv’s drilling program will commence now that the Borgland Dolphin semisub has arrived. Seventeen wells, one of which is an exploration well slated to spud in spring of 2010, comprise the drilling program. The Borgland Dolphin rig is scheduled to drill until the spring of 2011, at which time it will be replaced by the Transocean Polar Pioneer semisub, which will continue drilling until 2013. Measuring roughly 16,404 feet (5,000 meters) long, the wells will reach five different areas in the Skarv A, B and C, Tilje and Idun reservoirs. The Skarv oil and gas field is located in the Norwegian Sea, roughly 77 miles (200 kilometers) west of Sandnessjoen, Alstahaug, Norway. BP serves as the operator, holding 24%; Statoil holds 36%; E.On Ruhrgas Norge AS holds 28%; and PGNiG Norway AS holds the remaining 12%.

Nov. 2009 - BP will use the Borgland Dolphin semisub to conduct production and exploration drilling on the Skarv field after receiving consent from Norwegian authorities. Located in the northern part of the Norwegian Sea, the Skarv/Idun unit consists of two separate fields, situated in water depths of 1,148 to 1,476 feet (350 to 450 meters). The semisub will drill 11 production wells and one exploration well on the field, starting in mid-November 2009.

Sep. 2009 - Aker Solutions entered into a frame agreement with BP Norge AS to provide well intervention services on all BP-operated assets, including Valhall, Ula and the future Skarv development, on the Norwegian Continental Shelf. The initial contract period is for three years, with two additional one-year options. Aker Solutions estimates that the agreement will generate annual revenue of approximately US $5 million (NOK 35-40 million). Under the agreement, Aker Solutions will provide mechanical wireline, wireline tractor and production logging services, which are all services that aim at maintaining and increasing the production of oil and gas.

Jul. 2009 - Gas was proven by StatoilHydro in exploration well 6507/3-7 Idun North in the Norwegian Sea. Currently being completed, the well is located 1 mile (2 kilometers) northwest of the Idun find and 7 miles (12 kilometers) north of the Skarv find. The objective of the well was to prove petroleum in the Fangst and Bat group in Middle and Lower Jurassic reservoir rocks. The well proved gas in the Fangst group. The well was not formation tested, but extensive data gathering has been carried out. Well 6507/3-7 was drilled at a water depth of 1,237 feet (377 meters) by the Ocean Vanguard semisub. Drilled to a vertical depth of 12,575 feet (3,833 meters) below sea level, the well was concluded in the Are formation of the lower Jurassic age. The well is being permanently plugged and abandoned.

Jun. 2009 - Subsea 7 has placed an order for 21 of Sonardyne International's new Compatt 5 Max subsea positioning transponders for use in BP's Skarv field offshore Norway. The Compatt 5 Max transponders delivered to Subsea 7 will be deployed this summer (2009) in the Skarv field which is the largest current ongoing field development offshore Norway. Their first task is to provide precise positioning for the installation of various subsea templates in water depths ranging from 1,148 to 1,476 feet (350 to 450 meters). The Skarv oil and gas field is located in the Norwegian Sea, roughly 77 miles (200 kilometers) west of Sandnessjoen, Alstahaug, Norway.

Jun. 2009 - ASCO Norge received two contracts for the provision of supply base services for BP's Skarv development following a competitive tender process. The first well is expected to be drilled in January 2010. The awards, which have a combined value of US $14 million (NOK 90 million), are the Supply Base Infrastructure Contract for a period of 15 years with two 5-year options and the Supply Base Operation Contract for three years with two 3-year options. Located in the northern part of the Norwegian Sea, the Skarv/Idun unit consists of two separate fields, situated in water depths of 1,148 to 1,476 feet (350 to 450 meters). This $5 billion project is being jointly developed through five subsea templates that will tie into a floating production facility, the Skarv FPSO.

May. 2009 - The NPD granted StatoilHydro a drilling permit for wellbore 6507/3-7. The well, drilled by the Ocean Vanguard semisub, is located about 8 miles (13 kilometers) north of the Skarv field on PL 159 D. The drilling program for wellbore 6507/3-7 relates to the drilling of a wildcat well in PL 159 D. StatoilHydro is the operator with a 60% interest; E.ON Ruhrgas partners on the license and holds a 40% interest.

Oct. 2008 - From September 10-11, 2008, the Petroleum Safety Authority Norway conducted an audit of BP at Single Buoy Moorings in Monaco. The audit was related to engineering of the turret and mooring system for the FPSO Skarv.

Sep. 2008 - Technip has been awarded by BP Norge a lumpsum EPC contract for the Skarv field devleopment. The contract covers engineering, procurement, project management services and fabrication of two dynamic umbilicals, six static umbilicals and one fiber optic cable. The project is scheduled for delivery in 2010.

Aug. 2008 - BP Norway has awarded new major well services contracts to Baker Hughes Norge. The total value of the contracts is around NOK 800 million for the five year term and covers the Skarv phase one drilling program of 16 wells.

Aug. 2008 - Acergy was awarded a contract valued at approximately $60 million from BP Norge AS on behalf of the Skarv licensees for the installation of subsea equipment, due to commence in the second half of 2010.

Feb. 2007 - BP Norway has, on behalf of the Skarv-Idun licenses, awarded the contract for fabrication of the Skarv FPSO Hull to Samsung Heavy Industries in South Korea. The contract value is US$400 million (approximately 2.4 billion NOK).

Mar. 2006 - BP Norge has signed a Letter of Intent with Offshore Rig Services ASA (OFRS) for drilling on the Skarv-Idun field. This is subject to the final Plan for Development and Operation (PDO). The contract value is between US $250 million and US $500 million depending on the duration of the firm program, extensions and options.