Statoil to stop Njord and Hyme oil production after the Norwegian oil and gas major deems the offshore fields in need to significant redevelopment.
The news was announced Friday as part of stakeholder Faroe Petroleum’s operational update.
Statoil To Stop Njord and Hyme Oil Production
According to Faroe, Statoil is looking to stop production at the Njord and Hyme fields towards the end of May 2016.
Operator Statoil will then disconnect the semisubmersible Njord A platform from its subsea architecture and tow it back to shore for overhaul and maintenance during a yard stay.
Njord And Hyme Redevelopment
Stake holders in the two fields plan to redevelop both sites, with investment and a new field development (FDP) submission to the Norwegian authorities expected late 2016.
The possibility of developing a wider area, bringing further nearby fields on stream, is also on the table.
Faroe have stated the work is important to take full advantage of the significant cost reductions currently available in the market and to ensure a production.
Njord And Hyme Fields
Njord is the area’s main field with the semisubmersible Njord A platform on location; whilst the Hyme field operating subsea and tying back to Njord A.
All oil produce from the two fields is pumped to the infield Njord Bravo storage vessel for bunkering to tankers; with gas produce being pumped subsea to the main Åsgard Transport pipeline for transportation back to the Norwegian mainland.