Bauge resources are estimated at 73 million boe. Its development concept includes one subsea template, two production wells, and one water injection well. Kvaerner in March was awarded a contract for platform upgrades and work on the Bauge tie-in and potential future third-party tie-ins (OGJ Online, Mar. 17, 2017).
Production from both areas is expected to start during fourth-quarter 2020. Investment in the developments totals $2.3 billion. The PDOs were submitted in March (OGJ Online, Mar. 27, 2017).
Norge partners are Statoil, operator, with 20% interest, DEA Norge AS 50%, Engie E&P Norge AS 20%, Faroe Petroleum PLC 7.5%, and VNG Norge AS 2.5%.
Bauge partners are Statoil, operator, with 35% interest, DEA Norge 27.5%, Point Resources AS 17.5%, Engie E&P Norge 10%, Faroe Petroleum Norge AS 7.5%, and VNG Norge 2.5%.