Bureau Veritas Wins Fenja Inspection Work
- Business & Finance
Bureau Veritas has been awarded a four-year contract with Neptune Energy to provide second and third-party inspection services for the new Fenja oil and gas field development, offshore Norway.
The Fenja Field, which is estimated to hold 100 million barrels of oil, lies in the Norwegian Sea. Formerly known as the Pil and Bue discoveries, it was granted approval for development by the Norwegian government in April 2018 and is expected to start production in 2021 following an investment of around $1.2 billion.
The six-well field will be developed as a subsea tieback to Equinor’s Njord A facilities, 35km to the north east.
The frame agreement between Bureau Veritas and operator Neptune Energy will run until December 2022 and, as the development progresses, it may see Bureau Veritas provide third-party inspection services in Newcastle, Evanton, Le Trait, Ulveston, and other European locations and further afield globally.
Paul Shrieve, vice president Offshore & Services, Bureau Veritas Marine & Offshore, said: “At Bureau Vertias, we have remained committed to the North and Norwegian sea regions, firmly believing there remains an active industry in the area and this contract award, which will see our teams support Neptune Energy bring a new field into production, is testament to this.
“We are delighted to continue providing first class services for our wide range of clients across the globe and are pleased to add Neptune Energy to this list. We look forward to working closely with their team and passing on our own expertise through our inspection services.”