The plans for development and operation (PDO) of Njord and Bauge in the Norwegian Sea have now been approved by the authorities.
The Njord A platform and the Njord Bravo floating storage and offloading vessel (FSO) will be upgraded to recover the remaining resources in the Njord and Hyme fields, whereas Bauge is a new field development to be tied in to the Njord A platform. Statoil is operator of both fields. Total investments are NOK 20 billion.
The remaining resources on the Njord and Hyme field total 175 million barrels of oil equivalent. This corresponds to the reserves produced from the Njord field since first oil in in 1997. In addition, 73 million barrels of oil equivalent will be produced from Bauge.
VNG Norge is partner in both Njord and Bauge with 2.5%.
Please read more at Statoil.com