19 December 2017
Plan for development and operation for Fenja submitted
The licensees in PL586 have submitted the plan for development and operation (PDO) for the Fenja field in the Norwegian Sea to the Ministry of Petroleum and Energy. Approximately 10 billion NOK will be invested in the field development with planned start-up in 2021.
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.
«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», says Morten Mauritzen, CEO of Point Resources AS.
Fenja will be developed with two subsea templates with six wells connected to the Njord A platform for processing and storage and export via the Njord B storage vessel.
The licensees in PL586 are VNG Norge AS (30%), Point Resources AS (45%) and Faroe Petroleum Norge AS (25%). The development is subject to approval from Norwegian authorities.
Click here for further details, available at VNG Norge’s website.