VNG eyes Pil & Bue FID by year end

Njord A docked at Kvaerner’s Stord, Norway. Image: Kvaerner

VNG Norge has moved forward with its Pil & Bue project development, located in license PL586 in the Norwegian Sea, as it started the project’s FEED-studies with plans to pass the FID by the end of the year. 

The partners in the VNG-operated PL 586 license are Spike Exploration, Faroe Petroleum, and Pure E&P Norway with 35%, 25%, and 15% interests, respectively.

VNG said on Friday that the partnership has passed the second decision gate for the Pil & Bue project. This milestone is the formal decision of continuation of the project.

According to the company, the project has initiated FEED-studies (Front End Engineering and Design) and the plan is to pass the final investment decision (FID) by the end of the year.

The partnership decided on the preferred development solution for the Pil & Bue discoveries in November last year. The selected concept for the field development is a subsea tie-back to the Njord platform.

The Njord production platform is currently at Kvaerner’s Stord facility in Norway undergoing extensive modifications in order to accommodate a number of new satellite field tie-back developments, including Pil & Bue.

Atle Sonesen, Managing Director of operator VNG Norge, said: “The decision demonstrates the ability to move the Pil & Bue project ahead. We look forward to maturing the project further towards the final investment decision and submitting the PDO by the end of the year.”

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2017 >>
MTWTFSS
27 28 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 29 30

OGA 2017

OGA 2017 is the most beneficial way to meet, discuss and acquire the latest in the Oil & Gas industry! …

read more >

Offshore Technology Conference (OTC) 2017

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific…

read more >

Middle East Offshore Support Journal Conference

The 4th Annual Middle East OSJ Conference in Dubai brings together leading shipowners, oil and gas majors, shipbuilders, investors…

read more >

Future Conference: Wind & Maritime

The sixth Future Conference: Wind & Maritime – the conference in north-eastern Germany that connects wind wnergy with maritime industry…

read more >

Jobs>

QC Coordinator Offshore

Do you attach great importance to quality and do you have an affinity with offshore projects? Then read about what Van Oord can offer you.

apply

Electrician

For one of our clients we are looking for a Ships Electrician. Our client is a company with worldwide activities. You will work in a rotation of 4 till 6 weeks on and off.

apply

Assistant Driller

Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.

apply