Neptune Energy welcomed the official opening of the Njord field, following a major upgrade, in the Norwegian Sea.
DEVELOPMENTS
The company which holds 22.5% said Njord, operated by Equinor Energy, is expected to produce oil and gas for another 20 years.
The Njord Area will provide Neptune with net production of 30,000 barrels of oil equivalent per day.
“We congratulate Equinor for their safe and successful start-up of the Njord field and the tie-back and start-up of the subsea fields Bauge, Hyme and Fenja to Njord A,” added Neptune’s managing director for Norway and the UK, Odin Estensen.
“This is a great example of how relatively small discoveries can be brought together to create profitable, low emission developments.
“The recent start-up of Fenja makes Njord Neptune’s second largest producing hub in Norway and aligns with our strategy for production with low unit cost and low CO2 intensity.”
Operator Equinor holds 27.5 % and Wintershall Dea Norge owns the remaining 50%.