Fenja, Yme Field Plans Filed to Norway
VNG Norge, a subsidiary of German gas firm VNG, has filed the plan for development and operation (PDO) for the Fenja oil and gas field in the Norwegian Sea on December 19. [see update in final sentence]
PL586 license partners plant to invest kroner 10.2bn ($1.22bn), about one-sixth less than first planned, "with planned production starting 2021 and expected to last 16 years. Germany-based VNG Norge is operator with 30%, Norway's Point Resources has 45%, while UK-based Faroe Petroleum has 25%. The Fenja field is located in block 6406/12, about 120 km north of Kristiansund, and contains recoverable resources of 97mn barrels oil equivalents, almost all oil, although including 3.4bn m3 gas. Figures include the Pil reservoir, while the Bue reservoir represents a possible upside in the field development plan.
A year ago the partners decided that a subsea tie-back to the Njord platform would be the best way to develop Fenja; last month they signed a letter of intent with TechnipFMC for a major contract.
The development plan consists of two seabed templates with production wells, as well as water and gas injection wells. The plan is to carry out modifications on the Njord field while the Njord platform is on land for upgrades, said upstream regulator NPD. VNG is 74.2%-owned by EnBW, a leading German power generator and supplier.
Also Repsol submitted a new PDO for the Yme field in the North Sea, in which over kroner 8bn will be invested; the planned start-up is 2020. The plan is to develop Yme using existing facilities that were installed on the field during the development in 2007. Production is planned from the leased jack-up drilling and production facility, Mærsk Inspirer. It will be modified and adapted to operations on Yme. Expected future recoverable resources from Yme are 65mn bls of oil, with no gas. Yme licensees are Repsol (operator 55%), Poland's Lotos 20%, Norwegian independent Okea 15% and Kuwait's Kufpec 10%.
Update April 6 2018: Norway's petroleum and energy minister Terje Søviknes approved the PDO for the Fenja oil and gas field. Operator VNG Norge said he gave the approval on April 5 during his speech to the Energy Change conference at Stjordal in Norway.