Equinor and partners have begun production phase at the Bauge field offshore Norway. Located south of the Norwegian Sea, the estimated investment cost for the completion of the oil and gas field project is US$438.2m.
Recoverable reserves for Bauge are calculated at 50 million barrels of oil equivalent (MMboe), most of it being oil. The field is tied back to the platform in the Njord field, also operated by Equinor, which was recently revamped to continue operations 20 years more.
Equinor operates Bauge with a 42.5% stake, with Wintershall Dea (27.5%), Vår Energi (17.5), and Neptune Energy (12.5%) also being involved in the project as partners.
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