The contract with Bridge Petroleum adds to Fraser Well Management’s expanding well operator portfolio and is Fraser Integrity Management's debut pipeline operatorship appointment.
The transaction includes a 10% share of the Nova field and a total of 11 exploration licences.
Hitachi Energy will perform detailed FEED studies for a power quality solution that will enable the Aker BP-operated NOA Fulla field and the Equinor-operated Krafla field in the North Sea to be powered from the mainland.
Kveikje, which lies in an area north of the Troll field in the Norwegian North Sea, is estimated to contain gross mean prospective resources of 36 million boe with further potential upside estimated at 79 million boe on a gross basis.