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November 26, 2021

Aasta Hansteen Conventional Gas Field, Norway

By Carmen

Aasta Hansteen is a producing conventional gas field located in deepwater in Norway and is operated by Equinor Energy. The field is located in block 6706/12P (PL 218), 6707/10P (PL 218), and 6707/10P (PL 218 B), with water depth of 4,303 feet.

Field participation details

The field is owned by LetterOne Holdings, OMV, ConocoPhillips, BASF and Equinor.


Production from Aasta Hansteen

The Aasta Hansteen conventional gas field recovered 23.21% of its total recoverable reserves, with peak production expected in 2021. The peak production was approximately 2.96 thousand bpd of crude oil and condensate and 857 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2038. The field currently accounts for approximately 4% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 310.13 Mmboe, comprised of 3.88 Mmbbl of crude oil & condensate and 1,837.48 bcf of natural gas reserves. Aasta Hansteen conventional gas field reserves accounts 0.10% of total remaining reserves of producing conventional gas fields globally.


About Equinor Energy

Equinor Energy AS (Equinor Energy) is a wholly-owned subsidiary of Equinor ASA. The company provides oil and gas exploration and production services. It extracts, refines, and transports natural gas, crude oil, and wind power for manufacturing of synthetic fabrics, plastics, asphalt, cosmetics, and medicines. Equinor Energy is headquartered in Stavanger, Norway.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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