The total oil and gas production of Europe in 2022 was 6.71mmboed an increase of 3.44% when compared to 2021. The largest oil and gas producing countries are Norway, the UK, Netherlands. Through to 2030 annual oil and gas production is forecasted to decrease by a CAGR of 7.99% to reach 3.36mmboed. 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.
In 2022, Norway had the highest oil and gas production at 4.12mmboed, followed by the UK at 1.4mmboed and Netherlands at 0.35mmboed. Here are the 10 largest oil and gas producing fields in Europe by production in 2022, according to GlobalData’s Oil & Gas, Upstream Fields Database.
1. Troll
Troll is located in North Sea, Norway. This field is owned by ConocoPhillips (1.62%), Equinor (30.58%), Petoro (56.00%), Shell (8.10%), TotalEnergies (3.70%) and operated by Equinor Energy. The field produced 0.73mmboed in 2022 and recovered 67.17% of its total recoverable reserves, with peak production in 2022. The peak production was approximately at 0.64mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 10.81% of the total Europe daily crude oil and natural gas output and it is expected to recover 3,189.6mmboe of crude oil and natural gas. Buy the profile here.
2. Johan Sverdrup
Johan Sverdrup is located in North Sea, Norway. This field is owned by Aker BP (31.57%), Equinor (42.63%), Petoro (17.36%), TotalEnergies (8.44%) and operated by Equinor Energy. The field produced 0.53mmboed in 2022 and recovered 12.13% of its total recoverable reserves, with peak production in 2026. The peak production will be approximately at 0.73mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2082. The field currently accounts for approximately 7.89% of the total Europe daily crude oil and natural gas output and it is expected to recover 4,205.54mmboe of crude oil and natural gas. Buy the profile here.
3. Oseberg
Oseberg is located in North Sea, Norway. This field is owned by ConocoPhillips (2.40%), Equinor (49.30%), Petoro (33.60%), TotalEnergies (14.70%) and operated by Equinor Energy. The field produced 0.16mmboed in 2022 and recovered 89.07% of its total recoverable reserves, with peak production in 1994. The peak production was approximately at 0.5mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 2.44% of the total Europe daily crude oil and natural gas output and it is expected to recover 374.64mmboe of crude oil and natural gas. Buy the profile here.
4. Ormen Lange
Ormen Lange is located in Norwegian Sea, Norway. This field is owned by Eni (4.41%), Equinor (25.35%), HitecVision (1.93%), Petoro (36.48%), Polskie Gornictwo Naftowe i Gazownictwo (14.02%), Shell (17.81%) and operated by Norske Shell. The field produced 0.16mmboed in 2022 and recovered 85.75% of its total recoverable reserves, with peak production in 2012. The peak production was approximately at 0.36mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2034. The field currently accounts for approximately 2.41% of the total Europe daily crude oil and natural gas output and it is expected to recover 263.53mmboe of crude oil and natural gas. Buy the profile here.
5. Aasta Hansteen
Aasta Hansteen is located in Norwegian Sea, Norway. This field is owned by BASF (16.08%), ConocoPhillips (10.00%), Equinor (51.00%), LetterOne Holdings (7.92%), OMV (15.00%) and operated by Equinor Energy. The field produced 0.15mmboed in 2022 and recovered 48.29% of its total recoverable reserves, with peak production in 2021. The peak production was approximately at 0.14mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2040. The field currently accounts for approximately 2.18% of the total Europe daily crude oil and natural gas output and it is expected to recover 215.02mmboe of crude oil and natural ga. Buy the profile here.
6. Skarv
Skarv is located in Norwegian Sea, Norway. This field is owned by Aker BP (23.84%), BASF (18.81%), Equinor (36.16%), LetterOne Holdings (9.27%), Polskie Gornictwo Naftowe i Gazownictwo (11.92%) and operated by Aker BP. The field produced 0.14mmboed in 2022 and recovered 48.09% of its total recoverable reserves, with peak production in 2023. The peak production will be approximately at 0.12mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 2.07% of the total Europe daily crude oil and natural gas output and it is expected to recover 442.77mmboe of crude oil and natural gas. Buy the profile here.
7. Snøhvit
Snøhvit is located in Barents Sea, Norway. This field is owned by BASF (1.88%), Equinor (36.79%), LetterOne Holdings (0.93%), Neptune Energy Group (12.00%), Petoro (30.00%), TotalEnergies (18.40%) and operated by Equinor Energy. The field produced 0.13mmboed in 2022 and recovered 33.32% of its total recoverable reserves, with peak production in 2018. The peak production was approximately at 0.16mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2064. The field currently accounts for approximately 2.01% of the total Europe daily crude oil and natural gas output and it is expected to recover 1,041.58mmboe of crude oil and natural gas. Buy the profile here.
8. Gullfaks Sør
Gullfaks Sør is located in North Sea, Norway. This field is owned by Equinor (51.00%), OMV (19.00%), Petoro (30.00%) and operated by Equinor Energy. The field produced 0.13mmboed in 2022 and recovered 84.43% of its total recoverable reserves, with peak production in 2018. The peak production was approximately at 0.1mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 1.88% of the total Europe daily crude oil and natural gas output and it is expected to recover 176.86mmboe of crude oil and natural gas. Buy the profile here.
9. Visund
Visund is located in North Sea, Norway. This field is owned by ConocoPhillips (9.10%), Equinor (53.20%), Petoro (30.00%), Repsol (7.70%) and operated by Equinor Energy. The field produced 0.11mmboed in 2022 and recovered 69.51% of its total recoverable reserves, with peak production in 2022. The peak production was approximately at 0.09mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 1.7% of the total Europe daily crude oil and natural gas output and it is expected to recover 220.89mmboe of crude oil and natural gas. Buy the profile here.
10. Åsgard
Åsgard is located in Norwegian Sea, Norway. This field is owned by Eni (15.35%), Equinor (34.57%), HitecVision (6.71%), Petoro (35.69%), TotalEnergies (7.68%) and operated by Equinor Energy. The field produced 0.11mmboed in 2022 and recovered 95.5% of its total recoverable reserves, with peak production in 2003. The peak production was approximately at 0.25mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2034. The field currently accounts for approximately 1.61% of the total Europe daily crude oil and natural gas output and it is expected to recover 115.41mmboe of crude oil and natural gas. 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.
