NEPTUNE Energy today has welcomed Equinor’s announcement of the start of production from the Bauge subsea field in the Norwegian Sea. Recoverable resources are estimated at 50 million barrels of oil equivalent (boe).
Bauge is tied back to the recently upgraded Njord platform, operated by Equinor.
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Neptune Energy’s Managing Director for Norway and the UK, Odin Estensen, said: “We congratulate Equinor for their safe and successful start-up of the Bauge field. Tied back to existing infrastructure, Bauge is an example of how a small discovery can become a profitable development.”
The Njord Area, which includes the fields Bauge and Hyme, will for Neptune provide net production of 20 kboepd.
Estensen added: “This makes Njord our second largest producing hub in Norway and is aligned with our strategy to foster production with low unit cost and low CO2 intensity.”
The platform is also currently preparing to receive production from the Neptune-operated Fenja field later this month.
Neptune Energy has a 12.5% owner share in Hyme and Bauge, and 22.5% in the Njord unit.
