Core Energy is pleased to announce the start of production at the Hyme field.
The Hyme field was discovered at Haltenbanken in June 2009, 19 kilometres north-east of the Njord A platform. It is tied in to existing infrastructure on Njord A. The field development plan includes a multilateral production well and a water injection well drilled through a subsea template with four well slots. The installation of five new risers and Njord A modifications to receive Hyme production are also part of the project. The investments total some NOK 4.5 billion.
Hyme is the first development project that Core Energy has participated in and with this production start is a significant milestone in the value development of the company.
Core Energy owns 17.5% of the Hyme field.