Norway has approved Statoil’s development plans for the Njord and Bauge fields.

The Njord A platform and the Njord Bravo floating storage and offloading vessel (FSO) will be upgraded to help recover more resources from the Njord and Hyme fields.

Njord and Hyme are thought to hold another 175 million barrels of oil equivalent.

Bauge is a new field development which will be tied into Njord A.

Torger Rød, Statoil’s head of project development, said: “We are pleased that the authorities have now approved the plans for Njord and Bauge, two important fields on the Norwegian continental shelf.

“The investments, totalling NOK 20 billion, will trigger high activities and spin-offs for the Norwegian society and Norwegian supply industry.”

The original development plans for Njord were submitted more than 20 years ago.

The field will now produce for another two decades.

Full Article:  https://www.energyvoice.com/oi...