Balder field life extension
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.
Developing the Alke discovery
The planning of a potential development of the Alke discovery in the Barents Sea resumed in May 2017. The company is working to mature a possible gas export concept that has led to an extension of the license.
Several studies are evaluating concept selection, in combination with the Goliat license, as Alke is located southwest of the Goliat field.