Statoil Invests in Njord and Bauge Development
Statoil has, on behalf of its partners, submitted plans for development of the Njord and Bauge fields to the Norwegian minister of petroleum and energy, Terje Søviknes.
The company submitted a revised plan for development and operation of the Njord field and a plan for development and operation of the new Bauge field.
“When we submitted the plan for development and operation for the Njord development 20 years ago we assumed that the field would be shut down in 2013. With new technology, project improvements and close cooperation with the partners and supply industry, we now see opportunities to create considerable value for another 20 years at Njord,” said Margareth Øvrum, Statoil’s executive vice president for Technology, Projects and Drilling.
Capital expenditures for both fields total NOK 19.8 billion (Njord NOK 15.7 billion, and Bauge NOK 4.1 billion).
“Both the Njord A platform and the Njord Bravo floating storage and offloading vessel (FSO) will be upgraded. In addition, we will build new subsea facilities, drill new wells and perform extensive marine operations,” said Øvrum.
The work performed on the Njord A platform at Kværner Stord will facilitate the tie-back of Bauge, as well as potential third-party tie-ins.
Njord A and Bravo will be upgraded to recover the remaining resources on the Njord, Hyme and Bauge fields.
The remaining resources on the Njord and Hyme fields total 175 million barrels of oil equivalent. This corresponds to the reserves produced on the Njord field since first oil in 1997. In addition, there are 73 million barrels of oil equivalent at Bauge.
“Cap-X costs less to produce and install. This helps add more value from the Bauge field,” said Øvrum.
The Bauge field development concept includes one subsea template, two oil producers and one water injector. The Bauge resources will be phased in to the Njord A platform. This alone helps increase the life of the Njord field by three years.
Both projects will come on stream at the end of 2020.