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VNG Norge submits Fenja PDO

OE Staff Tuesday, 19 December 2017 14:13

VNG Norge today (19 December) submitted the US$1.2 billion (NOK 10.2 billion) plan for development and operation (PDO) for the Fenja field in the Norwegian Sea. The company previously estimated its development plan for Fenja to cost $1.3 billion (NOK11.5 billion).

Fenja field. Source: VNG Norge

Formerly known as Pil and Bue (bow and arrow), Fenja will be developed via two subsea templates with three producer wells, two water injectior wells, and one gas injector well, connected to the Njord A platform for processing, storage and export via the Njord B ship. Production is scheduled to begin in 2021 and last 16 years.

Located at Haltenterassen in Block 6406/12, Fenja contains recoverable resources of approximately 100MMboe, including 11MMscm of oil, 3.4Bscm of gas, and .57MM tonnes of natural gas liquids. These figures include the Pil reservoir; the Bue reservoir represents a possible upside in the Fenja development plan, VNG Norge said in 19 December statement.

Fenja will mark VNG Norge’s first development operatorship. Partners in the Fenja field in PL586 include VNG Norge (30%), Point Resources (45%), and Faroe Petroleum Norge (25%).

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2018-10-21 05:41:31pm