Partners in the Frøy project offshore Norway have asked the Norwegian Parliament to study and approve their plan for the field’s development and operation, stakeholder Det Norsek Oljeseslskap declared Monday, before adding the field could cost “NOK2.1 billion ($366 million) from 2012 … mainly related to drilling”.

Operator Det Oljeselskap said it was the first time an independent Norwegian oil company had submitted a project plant to Parliement, called a PDO, in Norway’s 35-year history as an oil nation. Parliament, called the Storting, has never said to no to a field development.

Frøy is said to hold 56 million barrels of oil and production is seen starting in 2012 at about 28,000 barrels per day. Det Norske’s chief exec Erik Haugane said in a statement that Premier Oil was fully onboard the field’s development by jack-up production platform.

Haugane said an understanding with Teekay has been reached for use of the jack-up.

Det Norske is field operator with a 50 percent stake in production license PL 364. Premier is 50-50 partner.

Frøy’s jack-up platform will also be a driller and will store oil in a tank on the seabed for offloading to shuttle tankers. The field will produce via eight wells. Frøy lies near Heimdal Field, 200 kilometres west of Haugesund in central Norway.

Tags: Det norske oljeselskap, Premier Oil