The total crude oil and condensate production of Europe in 2022 was 2.52mmbpd, a decrease of 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% to reach 2.25mmbpd. 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.
1. Johan Castberg
Johan Castberg is located in Barents Sea, Norway. This crude oil field is owned by Eni (20.88%), Equinor (50.00%), HitecVision (9.12%), Petoro (20.00%) 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. The project is expected to have recoverable reserves 552.44mmbbl of crude oil and condensate. Buy the profile here.
2. Wisting
Wisting is located in Barents Sea, Norway. This crude oil field is owned by Aker BP (35.00%), Equinor (35.00%), Idemitsu Kosan Co (4.95%), Inpex (5.05%), Petoro (20.00%) 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. The project is expected to have recoverable reserves 437.36mmbbl of crude oil and condensate. Buy the profile here.
3. Rosebank
Rosebank is located in West Shetland, United Kingdom. This crude oil field is owned by Delek Group (20.00%), Equinor (40.00%), Suncor Energy (40.00%) 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. The project is expected to have recoverable reserves 325.32mmbbl of crude oil and condensate. Buy the profile here.
4. Frøy Redevelopment
Frøy Redevelopment is located in North Sea, Norway. This crude oil field is owned by Aker BP (87.70%), Polski Koncern Naftowy Orlen (12.30%) 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. The project is expected to have recoverable reserves 255.53mmbbl of crude oil and condensate. Buy the profile here.
5. Cambo
Cambo is located in West Shetland, United Kingdom. This crude oil field is owned by Delek Group (70.00%), Shell (30.00%) 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. The project is expected to have recoverable reserves 239.58mmbbl of crude oil and condensate. Buy the profile here.
6. Breidablikk
Breidablikk is located in North Sea, Norway. This crude oil field is owned by ConocoPhillips (4.40%), Eni (23.94%), Equinor (39.00%), HitecVision (10.46%), Petoro (22.20%) 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. The project is expected to have recoverable reserves 228.69mmbbl of crude oil and condensate. Buy the profile here.
7. Munin
Munin is located in North Sea, Norway. This crude oil field is owned by Aker BP (50.00%), Equinor (50.00%) 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. The project is expected to have recoverable reserves 100.25mmbbl of crude oil and condensate. Buy the profile here.
8. Hejre
Hejre is located in North Sea, Denmark. This crude oil field is owned by INEOS (100.00%) 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. The project is expected to have recoverable reserves 90.13mmbbl of crude oil and condensate. Buy the profile here.
9. Bressay
Bressay is located in North Sea, United Kingdom. This crude oil field is owned by EnQuest (40.81%), Equinor (40.81%), Harbour Energy (18.38%) 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. The project is expected to have recoverable reserves 149.15mmbbl of crude oil and condensate. Buy the profile here.
10. Bentley
Bentley is located in North Sea, United Kingdom. This crude oil field is owned by EnQuest (100.00%) 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. The project is expected to have recoverable reserves 128.24mmbbl of crude oil and condensate. Buy the profile here.
For more details on the upstream fields, buy the profiles here.
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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.
