There are varioustieback options, as the field is 13 km (8 mi) south of the Brage field platform, in which Faroe has a 14.3% interest; 13 km east of the Oseberg Sør field platform; and 13 km south-east of the Oseberg field platform.
Currently, the company is participating inStatoil’s Njord North Flank-2 exploration well 6407/7-9 S in Norwegian Sea license PL107C, north of the Njord field.
The well is targeting Middle and Lower Jurassic sandstone reservoirs of the Ile and Tilje formations in a fault-bounded structural closure, with a target depth in the Lower Jurassic Åre formation.
Next up will be a potentially high-impact frontier exploration well on the Barents Sea Dazzler prospect (Faroe 20%) around year-end.
As for field developments, the company has a 7.5% interest in Snilehorn, which Statoil pans to produce via a two-well subsea tieback toNjord, with first oil coinciding with a re-start of production at Njord and Hyme in 2020.
Both fields were shut-in earlier this year as theNjord A platform was towed to western Norway for life extension works. Early next year, the Njord area partners expect to finalize front end engineering design for the Njord Future project and submit a field development plan.
The Pil area in the Norwegian Sea (Faroe 25%) is also progressing towards development, with concept selection expected before year-end. Reserves from the Pil, Bue, and Boomerang discoveries are in the range 80-200 MMboe.
Both Njord and Draugen are potential export hosts, but a standalone development with a leased FPSO is also under review. Faroe anticipates a concept selection decision later this year.
In the North Sea, Faroe has an 85% operating interest in the undeveloped Southeast Tor field. Scenarios under review include a tieback to Ekofisk, either directly or in connection with the nearby Tor field, where a redevelopment is in the planning stages.
Finally, the company expects operator Centrica to submit a field development plan this fall for Oda (Butch), a subsea tieback to the Ula field in which Faroe recently acquired a 20% interest from DONG. Produced gas from Oda will be injected into the Ula reservoir to improve oil recovery.
The Oda partners will likely issue a compensation payment to the licensees for the Oselvar field (Faroe 55%) which will cease production when Oda comes on stream in 2019, with the latter making use of facilities at Ula currently dedicated to Oselvar.
Plateau production from Oda is set to reach 35,000 boe/d.