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  • Neptune Energy : Increased production from the Fram Field
    édité le 11/02/2020 - Plus de news de "Neptune Energy" - Voir la fiche entreprise de "Neptune Energy"


Neptune Energy : Increased production from the Fram Field
A new gas module that was recently put on stream on the Troll C platform will accelerate and boost production from Fram by substantial profitable volumes.

Fram is an oil and gas field tied in to the Troll C platform. In 2017 the Fram partners decided to invest about NOK 1 billion in a new gas module, boosting the gas processing capacity on Troll C by a total of 3.5 million standard cubic metres per day. The decision was made in agreement with the Troll partners.

“The gas module accelerates gas production and capacity in the Fram licence for existing and new wells, adding valuable short-term value. At the same time the gas module allows new future discoveries to be tied in,” says Gunnar Nakken, senior vice president, operations west in Equinor Energy.

The investment was essential to further developing Troll C as a hub for the area.

“This is an exciting area. On behalf of the Fram license we made one of the largest discoveries on the Norwegian continental shelf in 2019 here, Echino South. In addition, several prospects are being considered for drilling”, says Nakken.

The slightly more than 400-tonne gas processing module featuring gas drying and cooling units was built by Aibel in Haugesund, whereas Aibel in Bergen was responsible for the engineering work. Overall some 300 people have been involved in the project.

“The project had a very important employment effect in a period of few new contract awards, and it was delivered without serious incidents and on budget,” says Geir Tungesvik, Equinor’s senior vice president for project development in Equinor Energy.

The oil and gas industry recently launched an ambition to reduce carbon emissions from the NCS to near zero by 2050, and on behalf of the Troll partners Equinor awarded a front-end engineering and design contract (FEED) for modifications of Troll B and Troll C to enable power from shore.

The main purpose of the electrification project is to reduce the emissions of CO2 and NOx from the Troll B and Troll C platforms, which will also reduce the climate footprint from tied-in fields such as Fram.

Following Equinor’s announcement this morning regarding the new gas module on the Troll C platform which will accelerate and boost production from the Fram field, Neptune’s Managing Director in Norway, Odin Estensen, said:

“The start-up of the new gas module for Fram is an important milestone and a further demonstration of our commitment to grow and strengthen our core areas close to existing infrastructure and enhance our footprint in a key geographic area for Neptune. The new gas module will accelerate gas production and increase capacity in the area.”

Fram licensees: Equinor Energy AS (45%), Vår Energi AS (25%), Neptune Energy Norge AS (15%), Idemitsu Petroleum Norge AS (15%).

About Neptune Energy Group

Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 162,000 net barrels of oil equivalent per day in 2018 and 2P reserves at 31st December 2018 of 638 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.


Origine : Communiqué Neptune Energy

Voir la fiche entreprise de "Neptune Energy"



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