Bauge is a conventional oil development located in shallow water in Norway and is operated by Equinor Energy. Discovered in 2013, Bauge lies in block 6407/8P (PL 348) and 6407/8P (PL 348 B), with water depth of around 925 feet.
The project is currently in construction stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2017. The development cost is expected to be $428 m. The Bauge conventional oil development will involve the drilling of approximately three wells and includes subsea tree.
Field participation details
The field is owned by Equinor, BASF, Neptune Energy Group, Eni, LetterOne Holdings and HitecVision.
Production from Bauge
Production from the Bauge conventional oil development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 20,250 bpd of crude oil and condensate, 28 Mmcfd of natural gas and 4,820 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2063.
Remaining recoverable reserves
The field is expected to recover 88.62 Mmboe, comprised of 60.82 Mmbbl of crude oil & condensate, 85.14 bcf of natural gas reserves and 13.61 Mmbbl of natural gas liquid reserves.
Contractors involved in the Bauge conventional oil field
Some of the key contractors involved in the Bauge project as follows.
EPC Contractors: Kvaerner
Other Contractors: Aker Solutions, H. Butting, HitecVision, SubseaDesign and Transocean
About Equinor Energy
Equinor Energy AS (Equinor Energy) is a wholly-owned subsidiary of Equinor ASA. The company provides oil and gas exploration and production services. It extracts, refines, and transports natural gas, crude oil, and wind power for manufacturing of synthetic fabrics, plastics, asphalt, cosmetics, and medicines. Equinor Energy is headquartered in Stavanger, Norway.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.