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 3.06% to reach 5.12mmboed. 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 oil and gas fields by reserves in Europe, according to GlobalData’s Oil & Gas, Upstream Fields Database.
1. Aphrodite
Aphrodite is located in Mediterranean Sea, Cyprus. This field is owned by Chevron (35.00%), Delek Group (30.00%), Shell (35.00%) and operated by Noble Energy. Production from this field is expected to begin in 2027 and is forecasted to peak in 2028, approximately at the rate of 0.13mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2045. The project is expected to have recoverable reserves 588.42mmboe of crude oil and natural gas. Buy the profile here.
2. Johan Castberg
Johan Castberg is located in Barents Sea, Norway. This 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 0.19mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. The project is expected to have recoverable reserves 552.44mmboe of crude oil and natural gas. Buy the profile here.
3. Dvalin North
Dvalin North is located in Norwegian Sea, Norway. This field is owned by BASF (36.85%), LetterOne Holdings (18.15%), Petoro (35.00%), Sval Energi (10.00%) and operated by Wintershall Dea Norge. Production from this field is expected to begin in 2026 and is forecasted to peak in 2029, approximately at the rate of 0.11mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2065. The project is expected to have recoverable reserves 529.17mmboe of crude oil and natural gas. Buy the profile here.
4. Wisting
Wisting is located in Barents Sea, Norway. This 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 0.12mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. The project is expected to have recoverable reserves 437.36mmboe of crude oil and natural gas. Buy the profile here.
5. Rosebank
Rosebank is located in West Shetland, the UK. This 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 0.09mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2050. The project is expected to have recoverable reserves 368.7mmboe of crude oil and natural gas. Buy the profile here.
6. Frøy Redevelopment
Frøy Redevelopment is located in North Sea, Norway. This 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 2028, approximately at the rate of 0.07mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2067. The project is expected to have recoverable reserves 328.39mmboe of crude oil and natural gas. Buy the profile here.
7. Berling
Berling is located in Norwegian Sea, Norway. This field is owned by DNO (20.00%), Equinor (40.00%), OMV (30.00%), Sval Energi (10.00%) and operated by OMV (Norge). Production from this field is expected to begin in 2028 and is forecasted to peak in 2030, approximately at the rate of 0.04mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2119. The project is expected to have recoverable reserves 298.05mmboe of crude oil and natural gas. Buy the profile here.
8. Cambo
Cambo is located in West Shetland, the UK. This 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 0.05mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2054. The project is expected to have recoverable reserves 252.39mmboe of crude oil and natural gas. Buy the profile here.
9. Glengorm
Glengorm is located in North Sea, the UK. This field is owned by China National Offshore Oil (50.00%), Energean (25.00%), TotalEnergies (25.00%) and operated by CNOOC Petroleum Europe. Production from this field is expected to begin in 2025 and is forecasted to peak in 2029, approximately at the rate of 0.05mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2054. The project is expected to have recoverable reserves 242.03mmboe of crude oil and natural gas. Buy the profile here.
10. Breidablikk
Breidablikk is located in North Sea, Norway. This 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 0.08mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. The project is expected to have recoverable reserves 228.69mmboe 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.
