Neptune Energy and its partners, Vår Energi, Sval Energi and DNO, today announced production has commenced from the Fenja oil and gas field in the Norwegian Sea.
Bauge is tied back to the recently upgraded Njord platform. Recoverable reserves in Bauge are estimated at 50 million barrels of oil equivalent, mainly oil.
Norway has the largest underground storage potential in Europe and can play a key role in efforts to achieve climate targets when efficiently linked to continental European emitters.
Equinor has signed an agreement to acquire equity interest in five discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS. Since 2019, Equinor has made seven discoveries in this area.