Asset Report
Fenja
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Fenja consists of the Pil and Bue discoveries in the Norwegian Sea, 33 kilometres southwest of the Njord development. Only Pil will be developed at this time, Bue is not included in our analysis. A concept was selected in 2016, and a plan for development and operation (PDO) was submitted in December 2017. Production started in Q2 2023. The field was developed as subsea tie-back to the Njord A floating drilling and production platform.
Table of contents
- Summary
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Key Issues
- Production performance below expectations
- Development drilling triggers Fenja reserve downgrade
- Fenja delayed due to the Njord Future project
- Uncertainty around the development of Bue
- Gas blowdown phase planned for early 2030s
- Waxy crude adds complexity
- Exploration upside potential
- Licensing
- 2 more item(s)...
- Emissions
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Key development metrics
- Njord Future Project - Njord A Repair
- Capital costs
- Decommissioning
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Operating costs
- Transportation costs
- Power from shore
- Emissions Trading Scheme (ETS)
- Cash flow
- Condensate price
- Fiscal terms
- Global Economic Model (GEM) Files
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Cash Flow
- Cash flow (US$ million)
- Cash flow (NKr million)
Tables and charts
This report includes the following images and tables:
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Capital Costs 2018 to 2024 (NKr million)Capital Costs 2040 to 2043 (NKr million)Index map
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Detail mapParticipationField characteristicsReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2023-2031)Fenja production profile
- 12 more item(s)...
What's included
This report contains:
