The total crude oil and condensate production of Europe in 2022 decreased by 5.13% when compared to 2021. 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 1.22%. 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.

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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. Wisting

Wisting is located in Barents Sea, Norway. This crude oil field is owned by Aker BP, Equinor, Idemitsu Kosan Co, Inpex, Petoro and operated by Equinor Energy. Production from this field is expected to begin in 2027 and is forecasted to peak in 2030, approximately at the rate of 0.12mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. Buy the profile here.

3. Rosebank

Rosebank is located in West Shetland, United Kingdom. This crude oil field is owned by Delek Group, Equinor, Suncor Energy and operated by Equinor UK. Production from this field is expected to begin in 2026 and is forecasted to peak in 2029, approximately at the rate of 0.09mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. Buy the profile here.

4. Frøy Redevelopment

Frøy Redevelopment is located in North Sea, Norway. This crude oil field is owned by Aker BP, Polski Koncern Naftowy Orlen and operated by Aker BP. Production from this field is expected to begin in 2027 and is forecasted to peak in 2029, approximately at the rate of 0.06mmbpd 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.

5. Cambo

Cambo is located in West Shetland, United Kingdom. This crude oil field is owned by Delek Group, Shell and operated by Ithaca SP E&P. Production from this field is expected to begin in 2026 and is forecasted to peak in 2030, approximately at the rate of 0.05mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2054. Buy the profile here.

6. Breidablikk

Breidablikk is located in North Sea, Norway. This crude oil field is owned by ConocoPhillips, 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 0.08mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. Buy the profile here.

7. 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, 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 2054. Buy the profile here.

8. Hejre

Hejre is located in North Sea, Denmark. This crude oil field is owned by INEOS and operated by INEOS E&P. Production from this field is expected to begin in 2024 and is forecasted to peak in 2027, approximately at the rate of 0.03mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2038. Buy the profile here.

9. Bressay

Bressay is located in North Sea, United Kingdom. This crude oil field is owned by EnQuest, Equinor, Harbour Energy 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. Bentley

Bentley is located in North Sea, United Kingdom. This crude oil field is owned by EnQuest and operated by EnQuest. Production from this field is expected to begin in 2024 and is forecasted to peak in 2026, approximately at the rate of 0.05mmbpd 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.

For more details on the upstream fields, buy the profiles here.

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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.