Aiming for tomorrow

The Pil & Bue discoveries in 2014 were a game changer. From being an exploration oriented company, we are now taking on the field development of the most exciting discovery on the Halten Terrace – a core area for VNG Norge.

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Pil & Bue is located in PL 586.

Awarded: 04.02.11 APA 2010

Partners:
VNG Norge (operator, 30%)
Faroe Petroleum (25%)
Point Resources (45%)

Total resource estimate: 80-155 Mboe

 

Timeline

2010
2012
2014
2016
2018
2020
2022
Awarded: 04.02.11 APA 2010
Drill decision: 01.04.2013
Exploration well Pil, 6406/12-3 S: 21.01.2014
npd.no: Oil and gas discovery near the Njord field in the Norwegian Sea – 6406/12-3 S
DG0: Decision to start evaluation studies passed in November 2014
DG1: Decision to start concept development
Proposed programme for impact assessment: December 2015
DG2: Decision on project continuation
DG3: Decision on project execution
DG4: Production start-up