Bureau Veritas (BV), a provider of testing, inspection, and certification (TIC) services, has been awarded a four-year contract with Neptune Energy for inspection services on Fenja development off Norway.
BV said on Thursday that it would provide both second and third-party inspection services on the Fenja oil and gas field.
The Fenja field, estimated to hold 100 million barrels of oil, lies in the Norwegian Sea. Formerly known as the Pil and Bue discoveries, it was granted approval for development by the Norwegian government in April 2018 and is expected to start production in 2021 following an investment of around $1.2 billion.
The six-well field will be developed as a subsea tieback to Equinor’s Njord A facilities, 35 kilometers to the northeast.
According to BV, the frame agreement with Neptune will run until December 2022 and, as the development progresses, it may see Bureau Veritas provide third-party inspection services in Newcastle, Evanston, Le Trait, Ulverston, and other European locations and further afield globally.
Paul Shrieve, VP of offshore and services at Bureau Veritas Marine & Offshore, said: “At Bureau Veritas, we have remained committed to the North and Norwegian sea regions, firmly believing there remains an active industry in the area and this contract award, which will see our teams support Neptune Energy bring a new field into production, is testament to this.”
It is worth noting that Neptune took over the operatorship of Fenja in December 2018 following the integration with VNG Norge, a Norwegian unit of German natural gas company VNG AG which Neptune bought in September 2018.