Increased recovery from the Balder field
The Balder field is in production license PL 001 – the very first license on the Norwegian Continental Shelf (NCS) – acquired in 1965. Vår Energi is investing heavily in the area, aiming to extend production to 2045. There are four ongoing projects:
- Balder FPU Life Extension – vessel upgrade
- Ringhorne III – drilling new wells
- Balder Future – Jotun FPSO upgrade and drilling 13 new production wells and one water injection well.
- Ringhorne IV – drilling new wells
Also considering drilling new exploration wells in the area.