Norway approves VNG’s Fenja field development plan
- Project & Tenders
Norwegian Minister of Petroleum and Energy Terje Søviknes on Thursday approved the Plan for Development and Operations (PDO) for the VNG Norge-operated Fenja field located in the Norwegian Sea.
VNG submitted the PDO for the Fenja field, formerly known as Pil and Bue, to the Norwegian authorities last December.
The field, located in license PL586, contains recoverable resources of approximately 100 million barrels oil equivalents, mostly oil (11.0 million standard cubic meters of oil, 3.4 billion standard cubic meters of gas and 0.57 million tonnes of NGL). The figures include the Pil reservoir, while the Bue reservoir represents a possible upside in the field development plan.
The licensees in PL586 are VNG Norge (30%), Point Resources (45%) and Faroe Petroleum Norge (25%).
According to VNG’s statement on Thursday, the approval was announced during the Minister’s speech at the Energy Change conference in Stjørdal.
The partnership will invest NOK 10.2 billion in development, and the field has planned production start in 2021.
The minister said: “The field was discovered in 2014 and the partnership has already succeeded in presenting a profitable project. This will help to maintain the level of activity in the industry, create employment and ripple effects for the society.”
Fenja will be developed with two subsea templates with six wells (three producers, two water injectors and one gas injector) connected to the Njord A platform for processing and storage and export via the Njord B ship.
VNG Norge already has TechnipFMC in mind for the engineering, procurement, construction and installation of the subsea production systems and subsea structures, umbilicals, risers and flowlines for the Fenja project.
Fenja’s six development wells will be drilled with the NADL-operated West Phoenix semi-submersible drilling rig.
Offshore Energy Today Staff