Subsea Development Concept Selected for Pil & Bue

subsea-development-concept-selected-for-pil-bueThe operator of the Pil & Bue discoveries, VNG Norge, has selected a subsea development solution tied back to the Njord platform in the Norwegian Sea as the preferred concept for development of the Pil & Bue.

The discoveries are located in the licence PL586, where VNG is the operator with 30% interest. Other partners in the license are Spike Exploration Holding with 30%, Faroe Petroleum Norge holds 25%, and Pure E&P Norway 15% stake.

Between three competing concepts considered for the discoveries, a subsea installation tied back to the Njord platform has emerged as the best option, Faroe Petroleum explained.

Going forward, the development solution will be matured through the front end engineering design (FEED) stage towards a formal field development plan.

The Njord production facility is currently in Kvaerner’s Stord facility in Norway undergoing modifications in order to increase materially its operating life and accommodate a number of new satellite field tie-back developments including Pil & Bue.

Graham Stewart, CEO of Faroe Petroleum said: “I am very pleased to announce that the Njord facilities have been chosen for the development of the material Pil & Bue discoveries. This is a significant step in the maturation of these high quality discoveries and the fact that they will be tied back to infrastructure we know well, and are joint venture partners in, further consolidates one of our core areas in Norway. We look forward to cooperating with our partners on the Njord licence as we progress this important project towards development.”

Share this article

Follow Subsea World News

Events>

<< Feb 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 1 2 3 4

FPSO Roundtables 2018

The entire FPSO value chain is now critically aware of how conventional modes of cooperation and project delivery must change in light…

read more >

4th FPSO Europe Congress 2018

Welcome to the 4th FPSO Europe Congress, the region’s largest platform for oil companies, FPSO contractors, investors and solution providers…

read more >

Arabia 2018 Conference and Exhibition

Offshore Arabia is a focused prestigious meeting place of the Offshore Industry, and it’s diverse spectrum from the Oil & Gas…

read more >

IADC/SPE Drilling Conference and Exhibition

The conference is co-hosted by the International Association of Drilling Contractors (IADC) and the Society of Petroleum Engineers (SPE)…

read more >