document: HitecVision confirmed on 23 April 2019 that it is selling 100% of its ownership of CapeOmega to Partners Group in a deal which values CapeOmega at Euro 1.2 billion. Partners Group is one of the largest private markets investment managers in the world, headquartered in Switzerland. The company aims to help CapeOmega further expand its assets, focussing on greenfield developments and brownfield acquisitions. CapeOmega currently owns interests in four NCS licences which contain one producing field (Enoch â 21.8% of the licence, 4.36% of the field) and two abandoned fields (Brynhild â 49% and Oselvar â 45%), and equity in three infrastructure facilities (Gassled â 16.32%, Nyhamna â 13.18% and Polarled â 33.27%).  Enoch, operated by Repsol Sinopec, lies mostly in UK waters but extends into Norwegian block 15/5. The field has a Paleocene Forties Sandstone reservoir at a depth of approximately 2,100 m. It came onstream in May 2007 as a subsea tie back to the UK Brae A platform located 15 km to the northwest. The field was temporarily shut-in in January 2012 due to a leak in the subsea wellhead and was brought back onstream in December 2015. It has produced intermittently since then and is now in its tail-end phase.   Lundinâs Brynhild field was abandoned in May 2018, around 10 years ahead of schedule, as production was no longer profitable. The field had been beset by problems since it came onstream (six months behind schedule) in December 2014 and production declined significantly from 1.6 MMbo in 2015 to just 437,000 barrels in 2017. Estimates of recoverable reserves also declined from an initial 23 MMboe, to 7.4 MMboe reported by Lundin in February 2016 and then to a figure from the NPD in December 2017 of just 5 MMboe.   Faroe shut down production from Oselvar in April 2018. The field was abandoned 14 years earlier than planned in the PDO. Falling reservoir pressure much earlier than expected and a high water cut led to decreasing production volumes and a reserves downgrade. Some of the facilities (Oselvar was a subsea tie-back to Ula) have been re-used in the development of the nearby Oda field which came onstream in March 2019. Production from Oselvar started in 2012 and the field had a planned life of 20 years.  Gassled encompasses almost all of Norwayâs gas transport systems and is operated by Gassco.  Nyhamna is a processing plant, built originally to service Ormen Lange but which, since 2018, also receives gas through the Polarled pipeline.  First gas flowed (from the Aasta Hansteen field) through Polarled on 16 December 2018. It has opened up the northerly part of the Norwegian Sea, providing capacity for future field tie-backs.
summary: HitecVision confirmed on 23 April 2019 that it is selling 100% of its ownership of CapeOmega to Partners Group in a deal which values CapeOmega at Euro 1.2 billion. Partners Group is one of the largest private markets investment managers in the world, headquartered in Switzerland. 