Norway: VNG hands in Fenja field development plan

Project & Tenders

VNG Norge has submitted to the Norwegian Ministry of Petroleum and Energy the plan for development and operation (PDO) for the Fenja field located in PL586, in the Norwegian Sea.

The licensees in PL586 are VNG Norge (30%), Point Resources (45%) and Faroe Petroleum Norge (25%). The partners are planning to invest NOK 10.2 billion ($1.2B), with planned production start in 2021. The production period is expected to be 16 years, VNG informed on Tuesday.

The Fenja field is located at Haltenterassen in block 6406/12, about 120 km north of Kristiansund. The field 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.

Atle Sonesen, Managing Director of VNG Norge, said: “The partnership has shown commitment when, just over three years since the discoveries were made, we are able to deliver a development plan for an economic project based on a good area solution and cooperation with the suppliers. Although this is the first development operatorship for VNG Norge, we have built a strong and experienced development team and are well prepared for execution. Compared to the initial plans, we have managed to reduce the cost of the project by almost NOK 2 billion.”

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. Fenja will contribute to 9500-11,000 man years over the field’s life time. The development is subject to approval from Norwegian authorities.

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.

Morten Mauritzen, CEO of Point Resources, said: “As partner with the largest interest, this is a vital development project for us. We look forward to continue our cooperation with the operating company VNG Norge AS to produce these volumes.”

Offshore Energy Today Staff