Alve is a producing conventional gas field located in deepwater in Norway and is operated by Equinor Energy. The field is located in block 6507/3P (PL 159 B), with water depth of 1,220 feet.
Field participation details
The field is owned by Polskie Gornictwo Naftowe i Gazownictwo, DNO and Equinor.
Production from Alve
The Alve conventional gas field recovered 65.61% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 4.46 thousand bpd of crude oil and condensate, 87 Mmcfd of natural gas and 5.38 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057.
Remaining recoverable reserves
The field is expected to recover 39.18 Mmboe, comprised of 0.96 Mmbbl of crude oil & condensate, 184.79 bcf of natural gas reserves and 7.42 Mmbbl of natural gas liquid reserves. Alve conventional gas field reserves accounts 0.01% 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.