Norwegian energy giant Equinor has officially reopened the revamped Njord oil and gas field in the Norwegian Sea after extensive upgrades.

Equinor noted that the platform and the floating storage and offloading vessel (FSO) have undergone major renovations and are now prepared for more than double the production and doubling the field life.

The field is expected to produce approximately 250 million barrels of oil equivalent (boe) over the next 20 years.

The field has been officially inaugurated by the country’s minister of petroleum and energy, Terje Aasland.

Aasland commented: “With the war in Ukraine, the export of Norwegian oil and gas to Europe has never been more important than now. Reopening Njord contributes to Norway remaining a stable supplier of gas to Europe for many years to come.”

Equinor operates Njord with a 27.5% stake while Wintershall Dea Norge and Neptune Energy own a 50% and 22.5% stake, respectively.

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By GlobalData

The Njord field came on stream in 1997 and was initially expected to produce until 2013.

However, the company decided to continue operating the field as the amount of recoverable oil and gas has increased due to technological advancements, and new discoveries have also been found close by.

The platform and FSO were brought back to shore in 2016 for significant renovations after being separated from the field.

Equinor revealed that it now plans to drill ten new wells on Njord from an upgraded drilling facility.

Recently, two new subsea fields were also tied back to Njord.

Neptune Energy welcomed the official opening of the Njord field.

The Njord Area is expected to provide Neptune with net production of 30,000boe per day.

Neptune Energy managing director for Norway and the UK Odin Estensen said: “The recent start-up of Fenja makes Njord Neptune’s second largest producing hub in Norway and aligns with our strategy for production with low unit cost and low CO₂ intensity.”