The total crude oil and condensate production of Europe in 2023 increased by 3.41% when compared to 2022. The largest oil producing countries in Europe are Norway, United Kingdom, and Italy. Through to 2030, annual crude oil and condensate production is forecasted to decrease by a CAGR of 3.58%. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment. Buy the latest oil & gas fields profiles here.
Here are the 10 largest upcoming crude oil fields by reserves in Europe, according to GlobalData’s Oil & Gas, Upstream Fields Database.
Smarter leaders trust GlobalData
1. Johan Castberg
Johan Castberg is located in Barents Sea, Norway. This crude oil field is owned by Eni, Equinor, HitecVision, Petoro and operated by Equinor Energy. Production from this field is expected to begin in 2024 and is forecasted to peak in 2026, approximately at the rate of 0.19mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. Buy the profile here.
2. Munin
Munin is located in North Sea, Norway. This crude oil field is owned by Aker BP, Equinor and operated by Aker BP. Production from this field is expected to begin in 2027 and is forecasted to peak in 2029. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2058. Buy the profile here.
3. Wisting
Wisting is located in Barents Sea, Norway. This crude oil field is owned by Aker BP ASA (35.00%), Equinor ASA (35.00%), Idemitsu Kosan Co, Inpex, Petoro and operated by Equinor Energy. Production from this field is expected to begin in 2031 and is forecasted to peak in 2034. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2056. Buy the profile here.
4. Hugin
Hugin is located in North Sea, Norway. This crude oil field is owned by Aker BP, Orlen and operated by Aker BP. Production from this field is expected to begin in 2027 and is forecasted to peak in 2028. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2054.
5. Cambo
Cambo is located in West Shetland, United Kingdom. This crude oil field is owned by Delek Group and operated by Ithaca Energy (UK). Production from this field is expected to begin in 2028 and is forecasted to peak in 2032. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2054. Buy the profile here.
6. Rosebank
Rosebank is located in West Shetland, United Kingdom. This crude oil field is owned by Delek Group, Equinor and operated by Equinor UK. Production from this field is expected to begin in 2026 and is forecasted to peak in 2027. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. Buy the profile here.
7. Clair South
Clair South is located in West Shetland, UK. This crude oil field is owned by BP, Chevron, Harbour Energy, Shell and operated by BP Exploration Operating Co. Production from this field is expected to begin in 2026 and is forecasted to peak in 2028. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057.
8. Hejre
Hejre is located in North Sea, Denmark. This crude oil field is owned by Centrica (27.60%), INEOS (60.00%), Stadtwerke Munchen (12.40%) and operated by INEOS E&P. Production from this field is expected to begin in 2027 and is forecasted to peak in 2030. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2041. Buy the profile here.
9. Bressay
Bressay is located in North Sea, UK. This crude oil field is owned and operated by EnQuest. Production from this field is expected to begin in 2027 and is forecasted to peak in 2030, approximately at the rate of 0.04mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2067.Buy the profile here.
10. Grosbeak
Grosbeak is located in North Sea, Norway. This crude oil field is owned by Eni, Equinor, HitecVision, Wellesley Petroleum Holdings Limited and operated by Equinor Energy. Production from this field is expected to begin in 2029 and is forecasted to peak in 2032. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2057.
For more details on the upstream fields, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
