Statoil gets okay for Njord, Bauge developments

Statoil ASA has received government approval for its plans for development and operation for Njord field and the nearby Bauge discovery in the Norwegian Sea.

The Njord A platform and the Njord Bravo floating storage and offloading vessel (FSO) will be upgraded to recover the remaining resources from Njord and Hyme fields. Bauge is a new field development to be tied in to the Njord A platform.

The estimated remaining resources at Njord and Hyme fields total 175 million boe. Njord, which started production in 1997, is now expected to produce for another 20 years. Ten new production wells are planned for the field. A contract will be awarded next year for upgrading the Njord Bravo FSO.

Bauge resources are estimated at 73 million boe. Its development concept includes one subsea template, two production wells, and one water injection well. Kvaerner in March was awarded a contract for platform upgrades and work on the Bauge tie-in and potential future third-party tie-ins (OGJ Online, Mar. 17, 2017).

Production from both areas is expected to start during fourth-quarter 2020. Investment in the developments totals $2.3 billion. The PDOs were submitted in March (OGJ Online, Mar. 27, 2017).

Norge partners are Statoil, operator, with 20% interest, DEA Norge AS 50%, Engie E&P Norge AS 20%, Faroe Petroleum PLC 7.5%, and VNG Norge AS 2.5%.

Bauge partners are Statoil, operator, with 35% interest, DEA Norge 27.5%, Point Resources AS 17.5%, Engie E&P Norge 10%, Faroe Petroleum Norge AS 7.5%, and VNG Norge 2.5%.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...