SANDNES, Norway – Vår Energi has submitted its plan to extend production from the Balder and Ringhorne area in the North Sea to 2045.
Norway’s Ministry of Petroleum and Energy will review the revised proposals for the `Balder Future’ project, which will involve drilling 13 new production wells and one new water injector on the Balder field to recover an additional 136 MMboe, and extending the lifetime of the Jotun A FPSO.
The Balder field is in license PL 001. According to Vår, the NOK19.6-billion ($2.17-bilion) project should create almost 30,000 man-years of work through 2045.
In addition, the company and partner Mime Petroleum plan to drill subsea infill wells and new wells from the neighboring Ringhorne platform, and Vår may undertake further exploration drilling in the area, which could boost the resource further. All these activities will take place while production continues at the Balder and Ringhorne fields.
Earlier this year, Vår awarded an EPCI contract to Rosenberg Worley in Stavanger for the FPSO life extension works. The vessel will be taken off-station and removed to the shore in mid-2020 for the upgrade program, then reinstalled during summer 2022 at a location in between the two fields.
Baker Hughes and Ocean Installer in Stavanger, will engineer, procure, construct and install new subsea production systems, umbilicals, risers and flowlines for Jotun A.