BlueNord ASA commits to Harald East Middle Jurassic well with FID
BlueNord ASA, a prominent player in the energy sector, has recently reached a pivotal point with its Final Investment Decision (FID) on the Harald East Middle Jurassic well (HEMJ). Slated for spudding in the summer of 2024, this well represents a significant step in the company’s exploration and production strategy.
BlueNord ASA Announces FID on Harald East Middle Jurassic Well
The HEMJ well, located in the Harald East area near the Norwegian border, is poised to tap into the Middle Jurassic formation, known for its excellent reservoir properties. This strategic location, in proximity to the Tyra East facilities, enables efficient export of gas. The well’s successful operation could lead to production by the end of 2024, with an expected yield of up to 8 million barrels of oil equivalent (mmboe), approximately 80% of which is gas.
Cost-Efficiency and Potential of HEMJ Well
The drilling of the HEMJ well entails an investment of around USD 28 million net to BlueNord. This investment underscores the company’s commitment to cost-effective development strategies in its operations. The attractive unit development cost of this project, coupled with the promising potential of the reservoir, positions BlueNord for substantial growth in the energy market.
BlueNord ASA Makes FID on Harald East Middle Jurassic Well
Future Plans Post-Drilling
Marianne Eide, Chief Operating Officer at BlueNord, expressed optimism about this venture. “I am delighted to announce another Final Investment Decision in the DUC drilling sequence. The Harald East Middle Jurassic well will be drilled through the chalk reservoir and into the Jurassic reservoir which has excellent reservoir properties. We look forward to getting the results and to add to the production through the new Tyra facilities by the end of the year,” she said. The company plans to make decisions regarding the hook-up and potential life extension of the Harald area after the well has been drilled, indicating BlueNord’s forward-thinking approach in managing its resources.
BlueNord’s Strategic Expansion in the Energy Sector
This development is a testament to BlueNord’s strategic vision in the energy sector, particularly in exploring new energy resources. The drilling of the HEMJ well not only expands BlueNord’s portfolio but also reinforces its position as a key player in the energy industry, especially in sustainable and efficient resource utilization.